Nov. 12 at 1:28 AM
$CSL: The current market context shows a last close at
$318.82, with an RSI of 35.67 indicating that the stock is approaching oversold conditions. The MA30 at
$327.98 and MA50 at
$338.76 suggest a bearish trend, as the price is below both moving averages. Additionally, the 60D high of
$402.45 and low of
$312.66 indicate a significant range, with current price closer to the low.
Directional bias is bearish due to the price being below key moving averages and the RSI indicating potential for a rebound, but still in a downtrend.
Suggested entry:
$317.00 (slightly above current price to confirm a reversal).
Stop:
$310.00 (below the 60D low for risk management).
Targets:
$330.00 (near MA30) and
$340.00 (near MA50).
Monitor for reversal signals before entry.
https://privateprofiteers.com
