Nov. 14 at 3:40 AM
$DOW: The last close at
$23.11 indicates a position within the recent trading range, with a 60D high of
$26.05 and a low of
$20.65. The RSI at 36.76 suggests that the stock is nearing oversold conditions, indicating potential for a reversal or upward movement. The MA30 at
$22.84 is below the last close, providing support, while the MA50 at
$23.19 is slightly above, indicating resistance.
Directional bias is cautiously bullish due to the RSI and proximity to the MA30 support. Suggested entry is at
$23.15, just above the last close, to confirm upward momentum. Set a stop loss at
$22.75 to limit potential losses. Target 1 is
$24.00, aligning with a minor resistance level, and Target 2 is
$25.00, near the midpoint of the recent high-low range.
Monitor the ATR of
$0.81 for volatility considerations.
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