Nov. 13 at 2:50 AM
$CHH: The current market context shows a last close of
$97.47, which is below both the 30-day moving average (MA30) of
$98.97 and the 50-day moving average (MA50) of
$104.08. The RSI of 39.33 indicates that the stock is approaching oversold territory, suggesting potential for a rebound. The price is also within the 60-day high-low range, having recently tested the low of
$90.97.
Directional bias is bearish in the short term due to the price being below key moving averages, but the low RSI suggests a possible reversal.
Suggested entry point is at
$96.50, with a stop loss at
$93.50 to limit potential losses. Target 1 is set at
$100.00, where resistance may be encountered, and Target 2 at
$102.00, aligning with the MA30.
Monitor for price action around these levels for potential adjustments.
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