Nov. 15 at 1:23 AM
$CVI is currently trading at
$36.38, showing a bearish market context as the RSI of 34.13 indicates oversold conditions, suggesting potential for a price rebound. The price is below both the 30-day moving average (MA30) of 36.46 and the 50-day moving average (MA50) of 35.48, reinforcing a downward trend. The recent 60-day high of 41.67 and low of 25.89 indicates volatility, providing a range for potential price movement.
Suggested entry point is at
$36.00, just below the current close, to capture a possible reversal. Set a stop loss at
$34.50 to manage risk. Target 1 is at
$38.00, slightly below the MA30, while Target 2 is at
$39.50, near the 60-day high. This plan aligns with the current oversold condition and potential for upward correction.
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