Nov. 14 at 11:38 PM
$AXON is currently trading at
$554.37, significantly below its 30-day moving average (MA30) of
$678.63 and 50-day moving average (MA50) of
$702.88, indicating a bearish trend. The RSI at 10.48 suggests the stock is oversold, which could signal a potential reversal or bounce in the near term. However, the proximity to the 60-day low of
$546.64 indicates strong support at this level.
Directional bias is bearish due to the moving averages, but the extreme RSI suggests caution.
Suggested entry:
$558.00 (slightly above the last close to confirm upward momentum).
Stop loss:
$546.00 (just below the 60D low for protection).
Targets:
$580.00 (first target) and
$600.00 (second target), aiming for a recovery towards the MA30.
Monitor for volatility given the ATR of 33.56.
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