Nov. 14 at 3:51 AM
$DECK is currently trading at
$83.1, below its 30-day moving average (MA30) of
$91.45 and 50-day moving average (MA50) of
$99.8, indicating a bearish trend. The RSI of 43.53 suggests that the stock is approaching oversold conditions but is not yet there, reflecting potential for further downside. The recent price action is within the 60-day high of
$125.45 and low of
$78.91, establishing a range that could serve as a guide for trading decisions.
Suggested entry point is around
$81, slightly above the 60D low of
$78.91, to capitalize on a potential rebound. Set a stop loss at
$78 to manage risk. For targets, consider
$88, near the MA30, and
$92, which aligns with previous resistance levels. This plan allows for a strategic entry while acknowledging the current bearish sentiment and providing clear exit points.
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