Nov. 13 at 3:17 AM
$TBBK: The last close at
$64.33 indicates a significant drop from the 60-day high of
$81.65, suggesting a bearish market context. The RSI at 30.0 signals that the stock is oversold, which may indicate a potential reversal or bounce. However, the MA30 at
$72.58 and MA50 at
$74.26 are both above the current price, indicating a bearish trend in the medium term.
Directional bias leans bearish due to the MAs, but the oversold RSI may provide a short-term buying opportunity. Suggested entry could be around
$64.50, just above the last close to confirm interest. Set a stop loss at
$60.50 to manage risk, just above the 60-day low of
$60.73.
Target 1 can be set at
$70.00, near the MA30, and Target 2 at
$72.00, approaching the MA50. This plan allows for a potential reversal while managing downside risk effectively.
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