Nov. 14 at 3:52 AM
$STRL: The last close at
$326.6 indicates a position below the 30-day moving average (MA30) of
$368.34 and the 50-day moving average (MA50) of
$352.93, suggesting a bearish trend. The RSI at 37.24 indicates the stock is approaching oversold conditions, which may lead to a potential reversal or bounce. However, the proximity to the 60-day low of
$266.13 raises caution about further downside risk.
Directional bias leans bearish due to the current price being significantly below both MAs. Suggested entry could be around
$320, with a stop loss at
$310 to limit potential losses. Target 1 can be set at
$350, aligning with the MA50, while Target 2 can be at
$368, near the MA30.
This plan accounts for the current market context and technical indicators, positioning for a potential short-term recovery while managing risk effectively.
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