Nov. 15 at 12:02 AM
$U: The current market context shows a last close of
$36.72, indicating a position below the 30-day moving average (MA30) of
$37.62 and the 50-day moving average (MA50) of
$39.94. The RSI at 45.27 suggests a neutral momentum, indicating neither overbought nor oversold conditions. The price is also closer to the 60-day low of
$34.04 than the high of
$46.94, which may indicate potential for a rebound.
Directional bias leans slightly bearish due to being below key moving averages, but the proximity to the 60-day low could provide support. Suggested entry is at
$36.50, with a stop loss at
$34.00 to manage risk. Target 1 is set at
$38.00 (near MA30), and Target 2 at
$39.00 (near MA50). This plan allows for a potential recovery while maintaining a disciplined risk management approach.
https://privateprofiteers.com
