Nov. 14 at 4:35 AM
$CHRD: The current market context shows a last close of
$90.74, with an RSI of 45.71 indicating neutral momentum. The price is below the 30-day moving average (MA30) of 91.38 and significantly below the 50-day moving average (MA50) of 95.96, suggesting bearish pressure. The recent 60-day high of 111.66 and low of 84.25 indicates a wide trading range, with potential for volatility.
Directional bias leans bearish due to the price being below both MAs and the RSI not indicating oversold conditions.
Suggested entry point:
$89.50, slightly below the current close to capture potential downward movement.
Stop-loss:
$92.00, above the MA30 to limit risk.
Targets:
$86.00 (near the 60D low) and
$84.50 (a psychological level near the low).
Monitor for any changes in momentum or trend indicators for adjustments.
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