Nov. 13 at 2:57 AM
$VCTR: The current market context shows a last close of
$62.37, which is below both the 30-day moving average (MA30) of
$64.34 and the 50-day moving average (MA50) of
$65.88, indicating bearish sentiment. The RSI at 38.8 suggests that the stock is nearing oversold conditions, which could lead to a potential reversal or bounce. The 60-day high of
$73.0 and low of
$57.03 indicate a range that the stock has recently traded within, providing a framework for potential price movements.
Directional bias is bearish due to the stock trading below key moving averages, but the low RSI indicates a potential for upward correction.
Suggested entry is at
$61.00, with a stop loss at
$57.00 to limit downside risk. Target 1 is set at
$64.00, aligning with the MA30, and Target 2 at
$66.00, near the MA50.
This plan capitalizes on potential price recovery while managing risk effectively.
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