Nov. 15 at 1:19 AM
$SHAK: The current market context shows a last close of
$90.24, with an RSI of 47.38, indicating a neutral stance and potential for either direction. The price is below both the 30-day MA of
$92.6 and the 50-day MA of
$94.57, suggesting bearish pressure. The 60-day high of
$107.49 and low of
$85.27 indicate a trading range, with current price closer to the low, which may present a buying opportunity if it rebounds.
Directional bias leans slightly bearish due to the price being under both MAs and the RSI being below 50.
Suggested entry:
$90.50, stop loss at
$88.00 to manage risk.
Target 1:
$94.00 (near the 50-day MA), Target 2:
$96.00 (psychological resistance).
Monitor price action closely around these levels for potential adjustments.
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