Nov. 15 at 10:21 AM
$CVBF is currently trading at
$18.86, showing a neutral market context with an RSI of 47.28, indicating no immediate overbought or oversold conditions. The price is above the 30-day moving average (MA30) of
$18.71, suggesting a slight bullish sentiment, while being below the 50-day moving average (MA50) of
$19.08, indicating potential resistance ahead.
Given the 60-day high of
$20.7 and low of
$17.95, the current price is closer to the lower end of this range, providing a favorable risk-reward scenario for a potential long position.
Suggested entry is at
$19.00, with a stop loss set at
$18.50 to manage risk. Target 1 is
$19.50, aligning with the MA50 resistance, and Target 2 is
$20.00, approaching the 60-day high.
This strategy leverages the current price dynamics and moving averages to capitalize on a potential upward movement.
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