Nov. 13 at 1:57 AM
$DOC is currently trading at
$17.9, below both the 30-day moving average (MA30) of
$18.35 and the 50-day moving average (MA50) of
$18.37, indicating a bearish trend. The RSI at 41.22 suggests that the stock is approaching oversold territory but is not yet there, which may indicate potential for a short-term reversal. The recent 60-day high of
$19.68 and low of
$17.04 establishes a range that could guide trading decisions.
Directional bias is bearish due to the price being below key moving averages. However, a potential reversal could occur if the price breaks above the MA30.
Suggested entry is at
$18.00, above the recent close. Set a stop loss at
$17.50 to manage risk. Target 1 is
$18.50, aligning with the MA30, and Target 2 is
$19.00, approaching the recent high.
Monitor for confirmation of upward momentum before entering.
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