Nov. 14 at 3:33 AM
$CG is currently trading at
$53.41, showing a bearish market context given the RSI of 30.51, indicating it is oversold. The price is below both the 30-day MA of 56.82 and the 50-day MA of 60.22, reinforcing the downward trend. The recent 60-day high of 69.85 and low of 50.39 suggests a significant range, with current price closer to the low, indicating potential for a rebound.
Directional bias leans bearish, but with an oversold RSI, a short-term corrective rally could occur. Suggested entry is around
$52.50, with a stop loss at
$50.00 to manage risk. Target 1 is set at
$56.00, aligning with the 30-day MA, and Target 2 at
$58.50, near the 50-day MA.
Monitor price action closely, as a break below
$50 could invalidate this plan.
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