Nov. 14 at 4:33 AM
$UFPI: The last close at
$89.79 indicates a position near the 60D low of
$88.78, suggesting potential support. The RSI at 39.96 indicates the stock is approaching oversold territory, which may signal a reversal opportunity. However, the stock is below both the 30-day MA of
$91.42 and the 50-day MA of
$93.54, indicating a bearish trend in the short to medium term.
Directional bias is neutral to slightly bullish, given the proximity to support and the RSI level. Suggested entry could be around
$89.50, with a stop loss set at
$88.50 to manage risk. Target 1 can be set at
$91.50, aligning with the 30-day MA, and Target 2 at
$93.00, near the 50-day MA.
Monitor for any changes in momentum or market conditions that may impact this trade plan.
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