Nov. 14 at 4:44 AM
$CVCO is currently trading at
$550.21, with an RSI of 39.92 indicating a potential oversold condition, suggesting a bullish reversal may occur soon. The price is below the 30-day moving average (MA30) of
$545.23 and slightly below the 50-day moving average (MA50) of
$551.49, indicating a bearish short-term trend. However, the proximity to the 60-day low of
$477.41 provides a support level, while the recent high of
$602.57 offers a resistance target.
Directional bias leans bullish as the RSI suggests potential upward momentum.
Suggested entry:
$545.00 (break above MA30).
Stop loss:
$530.00 (below recent support).
Targets:
$570.00 (first resistance level) and
$590.00 (near the 60D high).
Monitor market conditions closely, as volatility (ATR of 30.49) may impact price movements.
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