Nov. 21 at 2:52 AM
$VG is currently trading at
$7.15, near the 60-day low of
$7.14, indicating potential support. The RSI at 34.57 suggests the stock is oversold, which may lead to a reversal. However, the stock is below both the 30-day MA of
$8.59 and the 50-day MA of
$10.73, indicating a bearish trend in the short to medium term.
Market context shows a lack of upward momentum, but the proximity to the low and the oversold RSI could provide a buying opportunity.
Suggested entry:
$7.20, slightly above the last close to confirm support.
Stop loss:
$7.00, just below the recent low to limit risk.
Targets:
1.
$8.00, approaching the 30-day MA.
2.
$8.50, a psychological level and near the 60-day high range.
Monitor for any changes in momentum or volume to adjust the plan accordingly.
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