Nov. 13 at 1:45 AM
$WY: The last close at
$22.75 indicates a position near the 60D low of
$22.29, suggesting potential support. The RSI at 38.6 indicates the stock is nearing oversold conditions, which may signal a reversal opportunity. The MA30 at
$23.7 and MA50 at
$24.18 are both above the current price, indicating a bearish trend in the short to medium term. However, the proximity to the 60D low and the low RSI suggest a potential bounce.
Directional bias: Neutral to bullish, considering the support level and RSI.
Suggested entry:
$22.50 (below current close to confirm support).
Stop:
$22.00 (to limit risk below the support level).
Targets:
$23.00 (first target, near MA30) and
$23.75 (second target, near MA50).
Monitor for any changes in volume or market sentiment that could impact these levels.
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