Nov. 15 at 1:07 AM
$SNEX is currently trading at
$88.91, significantly below its 30-day moving average (MA30) of
$95.31 and 50-day moving average (MA50) of
$96.02, indicating a bearish trend. The RSI at 26.06 suggests that the stock is oversold, which may lead to a potential reversal or short-term bounce. The 60-day high of
$106.98 and low of
$84.00 creates a range that indicates possible support at
$84.00.
Directional bias is bearish due to the price being below both MAs, but the oversold RSI may provide a short-term buying opportunity.
Suggested entry point is at
$89.50, with a stop loss at
$84.00 to manage risk. Target 1 can be set at
$92.00, aligning with resistance near the MA30, and Target 2 at
$95.00, near the MA50.
Monitor price action closely for potential changes in momentum.
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