Nov. 13 at 3:14 AM
$WSBC is currently trading at
$31.36, with an RSI of 50.09 indicating a neutral momentum. The price is below the 30-day moving average (MA30) of
$31.53 and the 50-day moving average (MA50) of
$31.71, suggesting a potential bearish bias in the short term. The recent 60-day high of
$33.90 and low of
$29.57 indicates a range-bound market, with the current price closer to the lower end of this range.
Suggested trade plan: Consider entering a short position if the price breaks below the 60D low of
$29.57, with a stop loss set at
$31.50 to manage risk. Target 1 could be set at
$29.00, and Target 2 at
$28.50, aligning with the lower range of the recent price action.
Alternatively, if the price moves above
$31.53, a long position could be considered, with a stop loss at
$30.50 and targets at
$32.00 and
$32.50.
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