Nov. 14 at 4:55 AM
$CWK: The current market context shows a last close at
$15.53, indicating a bearish sentiment with an RSI of 21.4, suggesting the stock is oversold. The 30-day moving average (MA30) at
$15.83 and the 50-day moving average (MA50) at
$16.01 further indicate a downward trend, as the price is below both MAs. The 60-day high at
$17.33 and low at
$14.45 establishes a range, with the current price closer to the low end.
Directional bias is bearish due to the low RSI and position below the MAs. Suggested entry is at
$15.45, slightly below the last close to capture potential upward movement. Set a stop loss at
$14.40 to limit risk. First target is
$16.00, aligning with the MA50, and a second target at
$16.50, just below the MA30. This trade plan aims to capitalize on a potential reversal while managing risk effectively.
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