Nov. 14 at 4:00 AM
$CDE is currently trading at
$15.11, showing a bearish market context with an RSI of 28.83, indicating oversold conditions. The price is significantly below both the 30-day moving average (MA30) of 18.18 and the 50-day moving average (MA50) of 17.66, suggesting downward momentum. The 60-day high of 23.62 and low of 11.41 further emphasize the volatility and potential for a rebound from the lower range.
Directional bias is bearish, but the oversold RSI may signal a potential short-term reversal. Suggested entry is at
$15.50, slightly above the last close to confirm upward movement. Set a stop loss at
$14.50 to limit downside risk. Target 1 is
$17.00, aligning with the MA50, and Target 2 is
$18.00, near the MA30.
Monitor for price action around these levels and adjust strategy accordingly.
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