Nov. 15 at 1:44 AM
$UE: The current market context shows a last close of
$19.09, which is below the 30-day moving average (MA30) of
$19.59 and the 50-day moving average (MA50) of
$19.99, indicating a bearish trend. The RSI at 27.65 suggests that the stock is oversold, which could lead to a potential reversal. However, the proximity to the 60-day low of
$18.63 raises concerns about further downside risk.
Directional bias is bearish, but the oversold RSI may present a short-term buying opportunity. Suggested entry is at
$19.10, just above the last close. Set a stop loss at
$18.50 to limit potential losses. For targets, aim for
$19.50, aligning with the MA30, and a second target at
$20.00, near the MA50. Monitor price action closely for signs of reversal or continuation.
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