Nov. 13 at 2:12 AM
$DVA is currently trading at
$122.27, showing a bearish market context as indicated by an RSI of 35.85, suggesting oversold conditions but potential for further downside. The price is below both the 30-day moving average (MA30) of
$125.84 and the 50-day moving average (MA50) of
$128.52, reinforcing a bearish trend. The recent high of
$141.77 and low of
$115.39 over the last 60 days indicates a significant range, with potential support near the low.
Suggested entry point is around
$121.50, slightly below the current price to capture potential downside momentum. Set a stop loss at
$119.00 to manage risk. Target 1 is
$125.00, aligning with the MA30, and Target 2 is
$128.00, near the MA50. This plan allows for a favorable risk-reward ratio while considering the current market dynamics.
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