Nov. 13 at 2:29 AM
$DLB is currently trading at
$65.77, showing a bearish market context as it is below both the 30-day moving average (MA30) of 68.0 and the 50-day moving average (MA50) of 69.63. The RSI at 40.96 indicates that the stock is approaching oversold territory, which may suggest a potential reversal or bounce. The price is also near the 60-day low of 64.38, indicating strong support.
Directional bias leans bearish due to the price being below key MAs, but the RSI suggests a potential for upward movement.
Suggested entry point is at
$65.50, just below the current price, to capture a potential bounce. Set a stop loss at
$64.00 to manage risk.
Targets are set at
$67.00 (first target) and
$68.50 (second target), aligning with resistance levels near the MA30 and MA50.
Monitor market conditions closely, as sentiment can shift rapidly.
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