Nov. 14 at 3:31 AM
$CHD is currently trading at
$84.94, which is below both the 30-day moving average (MA30) of
$86.59 and the 50-day moving average (MA50) of
$88.08. The RSI at 47.13 indicates a neutral stance, suggesting neither overbought nor oversold conditions. The price is closer to the 60-day low of
$81.33 than the high of
$96.53, indicating potential bearish sentiment in the short term.
Given this context, a directional bias leans slightly bearish. Suggested entry could be around
$84.50, with a stop loss set at
$82.50 to limit downside risk. Target 1 can be set at
$86.00 (near MA30), while Target 2 can be at
$87.50 (near MA50). This plan allows for a potential rebound towards the moving averages while managing risk effectively.
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