Nov. 14 at 2:58 AM
$DUK: The current market context shows a last close at
$123.59, with an RSI of 27.97, indicating that the stock is in oversold territory, which may suggest a potential reversal or bounce. The MA30 at
$125.66 and MA50 at
$124.12 are both above the current price, indicating a bearish trend in the short to medium term.
Directional bias leans slightly bullish due to the oversold RSI, but caution is warranted given the proximity to the 60D low of
$119.69. Suggested entry could be around
$122.00, providing a buffer against further declines. A stop loss should be placed at
$118.50 to limit potential losses.
Targets can be set at
$125.00 (near MA30) and
$128.00 (mid-range towards the 60D high of
$130.03). This plan allows for a potential recovery while managing risk effectively.
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