Nov. 13 at 2:13 AM
$SFD is currently trading at
$21.96, with an RSI of 52.48 indicating a neutral momentum. The stock is below its 30-day moving average (MA30) of
$22.04 and 50-day moving average (MA50) of
$22.79, suggesting a potential downward bias in the short term. The 60-day high of
$26.07 and low of
$21.08 establishes a range that indicates resistance above
$22 and support near
$21.
For a trade plan, consider entering a short position if the price breaks below the 60D low of
$21.08, with a suggested entry at
$21.05. Set a stop loss at
$21.50 to manage risk. Target 1 could be
$20.50, aligning with a potential support level, and Target 2 could be
$20.00, providing additional downside potential.
Conversely, if the price breaks above the MA30 at
$22.04, consider a long position with an entry at
$22.10, a stop at
$21.75, and targets at
$22.50 and
$23.00.
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