Nov. 22 at 3:10 AM
$STUB is currently trading at
$10.83, significantly below its 60-day high of
$27.89 and closer to its 60-day low of
$9.83. The RSI at 22.58 indicates that the stock is in oversold territory, suggesting potential for a price rebound. However, the absence of MA50 and MA200 data limits the assessment of longer-term trends.
Given the current market context, the directional bias leans towards a potential upward correction due to the oversold RSI. A suggested entry point could be around
$10.50, slightly below the last close, to capitalize on a potential bounce. A stop-loss should be placed at
$9.80 to manage risk, just above the 60-day low.
For targets, consider
$12.00 as the first target, which is a psychological resistance level, and
$14.00 as a second target, aligning with a potential retracement towards the MA30.
Monitor price action closely for confirmation before entering.
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