Nov. 14 at 3:12 AM
$DHI: The current market context shows a last close of
$143.4, which is near the 60D low of
$142.3, indicating a potential support level. The RSI at 20.02 suggests that the stock is significantly oversold, which may lead to a reversal or a short-term bounce. However, the moving averages (MA30 at 153.12 and MA50 at 160.75) indicate a bearish trend, as the price is below both averages.
Directional bias is cautiously bullish due to the oversold RSI, but caution is warranted given the bearish MAs. Suggested entry could be around
$143.5, with a stop loss set at
$140 to manage risk. Target 1 can be set at
$150, aligning with the MA30, and Target 2 at
$155, near the MA50. This plan allows for a potential recovery while respecting the current bearish trend.
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