Nov. 13 at 1:31 AM
$AVB is currently trading at
$178.8 with an RSI of 30.76, indicating it is oversold and may be due for a rebound. The 30-day moving average (MA30) is at
$183.55, and the 50-day moving average (MA50) is at
$187.55, suggesting a bearish trend as the price is below both MAs. The recent high of
$198.29 and low of
$166.73 over the last 60 days indicates a range-bound market, with potential for a reversal given the current RSI.
Suggested entry point is at
$180, slightly above the current close to confirm upward momentum. Set a stop loss at
$176 to limit risk. Target 1 is at
$185, aligning with the MA30, and Target 2 is at
$188, near the MA50. This plan leverages the oversold condition and potential for a price correction within the established range.
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