Nov. 14 at 3:32 AM
$CASY is currently trading at
$536.66, with an RSI of 54.1 indicating neutral momentum. The price is below both the 30-day moving average (MA30) of
$542.55 and the 50-day moving average (MA50) of
$544.73, suggesting a bearish bias in the short term. The recent 60-day high of
$572.18 and low of
$490.0 indicate a trading range, with potential resistance near the MA30 and MA50 levels.
Given the current context, a suggested entry point would be at
$540, slightly above the MA30, to capitalize on a potential upward movement. A stop loss can be set at
$528, just below recent support levels.
Targets can be set at
$555, aligning with resistance near the MA50, and a more aggressive target at
$570, near the recent high. This plan allows for a balanced risk-reward ratio while considering current market conditions.
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