Nov. 13 at 1:31 AM
$AWK is currently trading at
$129.98, showing a bearish market context given the RSI of 28.5, indicating oversold conditions. The price is below both the 30-day MA of 136.88 and the 50-day MA of 137.33, reinforcing a downward trend. The recent high of
$147.87 and low of
$123.90 suggest a trading range, with potential for a rebound from the low.
Directional bias is bearish, but the oversold RSI could signal a potential short-term reversal. Suggested entry is at
$130.50, slightly above the last close to confirm upward momentum. Set a stop loss at
$127.50 to manage risk. Target 1 is
$135, near the 30-day MA, and Target 2 is
$138, approaching the 50-day MA.
Monitor for any changes in momentum or volume to adjust the plan as necessary.
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