Nov. 13 at 2:01 AM
$SAIL is currently positioned at
$20.18, below its 30-day moving average (MA30) of
$21.9 and 50-day moving average (MA50) of
$21.84, indicating a bearish trend. The Relative Strength Index (RSI) at 32.77 suggests that the stock is nearing oversold conditions, which may lead to a potential reversal. The recent 60-day high of
$24.0 and low of
$19.04 establishes a trading range, with the current price closer to the lower end, providing a possible support level.
For a trade plan, consider entering a long position around
$20.20, with a stop loss set at
$19.00 to manage risk. Target 1 can be set at
$21.00, aligning with the MA30, while Target 2 can be aimed at
$21.80, near the MA50. This plan leverages the potential for a rebound from oversold conditions while maintaining risk management through the stop loss.
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