Nov. 14 at 3:46 AM
$CF: The last close is
$84.33, indicating a current price below both the 30-day MA of
$85.67 and the 50-day MA of
$86.18, suggesting bearish momentum. The RSI at 41.91 shows the stock is nearing oversold territory, which could indicate a potential reversal or a continuation of downward pressure. The 60-day high of
$93.08 and low of
$80.09 establishes a trading range, with the current price closer to the low, reinforcing a bearish bias.
Suggested entry:
$84.00, just below the last close to capture potential downside. Stop loss:
$82.50, to limit risk below the recent low. Target 1:
$86.00, near the 30-day MA, and Target 2:
$88.00, to capitalize on a possible retracement towards the 50-day MA. Monitor RSI for signs of reversal as the price approaches targets.
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