This seems to be a safe entry for a swing. You can set a stop loss of 5% loss and find that the risk of hitting it is relatively low because the price of $42.70 had not been visited since more than a month ago. The target price is $49. The chart however looks weak as we can see from the number of red candles and the minority of weak green candles. The Stoch RSI chart shows that this stock is currently quite undersold. I think this is a turn around position. This could be a long swing, but a safe one.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.