Nov. 14 at 11:47 PM
$CSGP: The current market context shows a significant downward trend, with the last close at
$68.05, well below the 30-day moving average (MA30) of
$73.46 and the 50-day moving average (MA50) of
$78.5. The RSI at 21.15 indicates that the stock is heavily oversold, suggesting a potential reversal or bounce may occur soon. The 60-day high of
$91.89 and low of
$63.82 further highlight the stock's volatility and current positioning near its lower range.
Directional bias is bearish in the short term due to the price being below key moving averages, but the oversold RSI suggests a possible short-term recovery.
Suggested entry:
$68.50 (slightly above last close to confirm upward movement). Stop loss:
$66.00 (to limit potential losses). Target 1:
$73.00 (near MA30), Target 2:
$78.00 (near MA50).
Monitor for any changes in momentum or market sentiment.
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