Nov. 13 at 2:15 AM
$CAG: The current market context shows a last close at
$17.3, with an RSI of 30.0 indicating oversold conditions, suggesting potential for a price rebound. The 30-day moving average (MA30) is at
$18.12, and the 50-day moving average (MA50) is at
$18.39, both above the current price, indicating a bearish trend in the short to medium term. The 60-day high is
$19.78 and the low is
$16.6, which provides a range for potential price movement.
Directional bias leans towards a short-term bullish reversal due to the oversold RSI. Suggested entry point is at
$17.5, with a stop loss set at
$16.5 to manage risk. Target 1 is
$18.0, aligning with MA30, and Target 2 is
$18.5, near the 60D high. This plan allows for a potential recovery while maintaining risk management.
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