Nov. 14 at 3:32 AM
$DRI: The current market context shows a last close of
$175.42, with an RSI of 34.34 indicating oversold conditions, suggesting potential for a reversal. The price is below the 30-day moving average (MA30) of
$183.31 and the 50-day moving average (MA50) of
$189.62, indicating a bearish trend. However, the RSI indicates a possible upward correction.
Directional bias is cautiously bullish due to the oversold RSI. The price is currently near the 60-day low of
$170.64, providing a potential support level.
Suggested entry:
$176.00, with a stop loss set at
$170.00 to manage risk. Target 1 can be set at
$183.00 (near MA30), and Target 2 at
$189.00 (near MA50). This plan allows for a risk-reward ratio that could capitalize on a potential rebound while safeguarding against further declines.
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