Nov. 14 at 4:13 AM
$SFM: The current market context shows a last close at
$81.69, significantly below the 30-day moving average (MA30) of
$97.3 and the 50-day moving average (MA50) of
$107.37, indicating a bearish trend. The RSI at 25.09 suggests that the stock is oversold, which may indicate a potential reversal or short-term bounce. However, the proximity to the 60-day low of
$75.75 raises caution.
Directional bias is bearish due to the distance from key moving averages and the overall downtrend. Suggested entry could be at
$82.50, just above the last close, to capture any potential upward movement. A stop loss should be set at
$75.00 to limit downside risk.
Targets can be set at
$90.00 (near MA30) and
$95.00 (mid-range of the recent high-low). This plan allows for a risk-reward ratio that aligns with current market conditions while considering the oversold RSI.
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