Nov. 15 at 9:14 AM
$AWI is currently trading at
$182.66, significantly below its 30-day moving average (MA30) of
$194.73 and 50-day moving average (MA50) of
$195.06, indicating bearish momentum. The RSI at 18.35 suggests that the stock is severely oversold, which may lead to a potential reversal or bounce. However, the proximity to the 60-day low of
$181.92 raises caution regarding further downside risk.
Market context indicates a bearish trend, but the oversold RSI could provide a short-term buying opportunity. Suggested entry could be around
$183.00, with a stop loss set at
$180.00 to limit potential losses.
Targets for this trade could be set at
$188.00 (near the 60D high) and
$192.00 (approaching the MA30), allowing for a favorable risk-reward ratio.
Monitor the stock closely for any signs of reversal.
https://privateprofiteers.com
