Nov. 14 at 3:36 AM
$THC is currently trading at
$196.66, with an RSI of 38.86 indicating potential oversold conditions. The price is below both the 30-day moving average (MA30) of 202.2 and the 50-day moving average (MA50) of 199.08, suggesting a bearish trend. The recent high of
$217.43 and low of
$177.36 over the past 60 days further illustrate a significant range, indicating volatility.
Given the current metrics, the directional bias leans bearish, but the oversold RSI may provide a short-term bounce opportunity.
Suggested trade plan:
- Entry:
$195.00 (anticipating a rebound)
- Stop:
$190.00 (to limit downside risk)
- Target 1:
$202.00 (near MA30)
- Target 2:
$207.00 (mid-range between recent high and current price)
Monitor for any changes in momentum or market conditions that could affect these levels.
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