Nov. 14 at 4:50 AM
$CZR: The current market context shows a last close of
$19.75, which is below both the 30-day moving average (MA30) of
$21.66 and the 50-day moving average (MA50) of
$23.45, indicating bearish momentum. The RSI at 35.65 suggests that the stock is nearing oversold territory, which could indicate a potential reversal or bounce. However, with the 60-day high at
$28.26 and low at
$18.25, the stock is trading near the lower end of this range, reinforcing the bearish bias.
Suggested entry point:
$19.25, slightly below the last close to confirm weakness. Stop loss:
$18.00 to limit downside risk. Target 1:
$21.00, aligning with the MA30. Target 2:
$22.50, near the MA50, for a more aggressive exit.
Overall, while the stock shows bearish signals, a potential bounce could offer a short-term trading opportunity.
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