Nov. 13 at 3:10 AM
$WSC: The last close at
$17.95 indicates a bearish sentiment, especially with an RSI of 20.1, suggesting the stock is oversold. The MA30 at
$21.39 and MA50 at
$21.82 further reinforce a downward trend, as the price is significantly below these moving averages. The 60D range shows a high of
$25.18 and a low of
$16.55, indicating potential support at the low end.
Directional bias is bearish due to the low RSI and the price being below both moving averages.
Suggested trade plan:
- Entry: Consider entering a short position near
$18.00.
- Stop: Set a stop-loss at
$19.00 to manage risk.
- Targets: First target at
$16.55 (60D low) and a secondary target at
$15.50, should momentum continue downward.
Monitor for any changes in volume or market sentiment that could affect this analysis.
https://privateprofiteers.com
