Nov. 20 at 9:29 AM
$EPR: The current market context shows a last close at
$51.28, with an RSI of 38.74 indicating potential oversold conditions. The price is below both the 30-day moving average (MA30) of
$52.68 and the 50-day moving average (MA50) of
$54.35, suggesting bearish sentiment. However, the RSI indicates that a reversal may be imminent, especially as the price is approaching the 60-day low of
$48.11.
Directional bias leans towards a bullish reversal if the price can stabilize above the MA30. Suggested entry is at
$52.00, with a stop loss at
$50.00 to manage risk. Target 1 is set at
$54.00, aligning with the MA50, and Target 2 at
$56.00, just below the 60-day high of
$58.70. This plan allows for capturing potential upside while managing downside risk effectively.
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