Nov. 13 at 3:21 AM
$WOR: The last close at
$54.97 indicates a position within the recent trading range, with a 60D high of
$67.8 and a low of
$50.55. The RSI at 42.25 suggests the stock is approaching oversold conditions, which may indicate potential for a rebound. However, the stock is below both the 30-day MA of
$56.03 and the 50-day MA of
$58.0, indicating a bearish trend in the short to medium term.
Directional bias is slightly bearish but with potential for a reversal. Suggested entry is at
$55.50, just above the recent close to confirm upward momentum. Set a stop loss at
$53.50 to manage risk. Target 1 is
$57.00, aligning with the 30-day MA, and Target 2 is
$58.50, near the 50-day MA. This plan allows for a conservative approach while capitalizing on potential short-term recovery.
https://privateprofiteers.com
