Nov. 13 at 2:58 AM
$SFBS: The last close at
$72.34 indicates a position above the 60D low of
$67.72 but below the 60D high of
$90.64, suggesting potential upward movement. The RSI at 58.56 indicates bullish momentum without being overbought, allowing room for further gains. However, the price is below both the 30-day moving average (MA30) of
$74.76 and the 50-day moving average (MA50) of
$78.53, indicating a bearish short-term trend.
Directional bias is cautiously bullish, as the price is recovering from recent lows but faces resistance at the MAs. Suggested entry is at
$73.00, with a stop loss at
$70.50 to manage risk. Target 1 is set at
$76.00, aligning with the MA30, and Target 2 at
$78.00, near the MA50. This plan leverages current momentum while accounting for resistance levels.
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