Nov. 20 at 9:06 AM
$WH is currently trading at
$72.08, below both the 30-day moving average (MA30) of
$75.69 and the 50-day moving average (MA50) of
$78.73, indicating a bearish market context. The RSI of 37.73 suggests that the stock is approaching oversold territory, which could indicate a potential reversal or bounce. However, with the recent high of
$89.6 and low of
$71.37, the price is closer to the lower end of this range, reinforcing the bearish sentiment.
Suggested trade plan:
- Entry:
$71.50 (slightly above the 60D low to confirm support)
- Stop:
$70.00 (below the 60D low to limit losses)
- Target 1:
$75.00 (near the MA30)
- Target 2:
$78.00 (approaching the MA50)
This plan allows for a potential recovery while managing risk effectively. Monitor RSI for signs of upward momentum.
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