Nov. 14 at 11:59 PM
$DKS: The current market context shows the stock closing at
$216.35, with an RSI of 32.37, indicating it is in oversold territory, suggesting potential for a rebound. The 30-day moving average (MA30) is at
$223.95, and the 50-day moving average (MA50) is at
$224.62, both above the current price, indicating a bearish trend in the short to medium term. The recent 60-day high of
$237.31 and low of
$205.88 suggest a range-bound market, with current prices near the low end, providing a potential support level.
Directional bias leans slightly bullish due to the oversold RSI, but caution is warranted given the moving averages. Suggested entry around
$217.00, with a stop loss at
$205.00 to limit potential downside. Target 1 at
$225.00 (near MA30) and Target 2 at
$230.00 (mid-range of recent highs). This plan capitalizes on a potential short-term rebound while managing risk effectively.
https://privateprofiteers.com
