Nov. 15 at 12:11 AM
$AVY: The last close at
$172.91 indicates a potential oversold condition with an RSI of 29.61, suggesting a possible reversal. The price is currently above the 30-day moving average (MA30) of
$169.98 and the 50-day moving average (MA50) of
$167.57, indicating short-term bullish momentum despite the RSI. The 60-day high of
$189.24 and low of
$156.23 creates a range that supports a potential upward move.
Directional bias is bullish due to the oversold RSI and proximity to key moving averages. Suggested entry is at
$173.50, just above the last close to confirm upward momentum. Set a stop loss at
$169.00, below the MA30 and recent support. Target 1 is
$180.00, near the previous resistance level, and Target 2 is
$185.00, aiming for a retracement towards the 60D high.
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