Nov. 15 at 12:21 AM
$CLH: The current market context shows a significant bearish trend, indicated by an RSI of 16.92, suggesting the stock is oversold. The last close at
$205.85 is below both the 30-day moving average (MA30) of
$225.01 and the 50-day moving average (MA50) of
$228.63, reinforcing the downward momentum. The 60-day high of
$249.5 and low of
$202.73 indicates a tight range, with the current price near the 60D low, which could lead to a potential bounce.
Directional bias is bearish due to the low RSI and the price being below key moving averages. Suggested entry is at
$206.50, slightly above the last close to confirm interest. Set a stop loss at
$202.50 to limit potential losses. Target 1 is
$215.00, aligning with a minor resistance level, and Target 2 is
$220.00, near the MA30.
Monitor for any shifts in momentum before executing. https://privateprofiteers.com
