$RAY Buy Signal: Oversold Reversal Opportunity? 🚀
Entry Zone: $5.10 - $5.15
Targets: 🎯 $5.28 / $5.40 / $5.50
Stop Loss: 🔻 Below $5.05
Market Insights:
$RAY is trading near the lower Bollinger Band on the 1H chart, with an RSI of 25, indicating oversold conditions and a potential reversal zone. Bulls may look for buying opportunities as price stabilizes around $5.10, with resistance levels at $5.28 and $5.40.
A bounce above this support range could trigger recovery momentum toward higher targets. Manage your risk tightly with a stop loss below $5.05 in case of further downside pressure.
Watch for confirmation signals like increasing volume before entering. 📈