Nov. 15 at 10:55 PM
$SN: The current market context shows a recent close at
$88.04, with the RSI at 36.89 indicating that the stock is approaching oversold territory. The price is below the 30-day moving average (MA30) of
$91.77 and the 50-day moving average (MA50) of
$99.00, suggesting bearish momentum. However, the low of
$83.12 within the last 60 days provides a potential support level, while the high of
$122.98 indicates significant resistance above.
Directional bias leans bearish, but the RSI suggests a potential reversal if it moves above 40. Suggested entry is at
$86.50, slightly above the recent low. Set a stop loss at
$82.00 to manage risk. Target 1 is
$91.00, aligning with the MA30, and Target 2 is
$95.00, close to the MA50. Monitor for RSI improvement to confirm upward momentum.
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