Nov. 15 at 1:09 AM
$SHC: The last close at
$16.01 indicates a position near the 60D low of
$15.19, suggesting potential for a reversal. The RSI at 35.69 signals that the stock is approaching oversold territory, which may indicate a bullish reversal opportunity. The MA30 at
$16.24 is above the current price, indicating short-term resistance, while the MA50 at
$16.11 provides support just below the current level.
Directional bias leans bullish due to the proximity to the 60D low and the oversold RSI. Suggested entry is at
$16.05, slightly above the last close to confirm upward momentum. Set a stop loss at
$15.80 to limit risk. Target 1 is at
$16.50, aligning with a minor resistance level, and Target 2 is at
$16.75, near the 60D high of
$17.78.
Monitor price action closely, as a break above the MA30 could confirm the bullish bias.
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