Nov. 15 at 8:18 AM
$ETR is currently trading at
$95.05, below both the 30-day moving average (MA30) of
$96.19 and the 50-day moving average (MA50) of
$93.89, indicating a bearish trend. The RSI at 38.84 suggests that the stock is approaching oversold territory, which may lead to a potential reversal. However, the price is still within the 60-day high-low range of
$86.4 to
$98.58, providing a context for potential support near the low end.
For a trade plan, consider entering a long position if the price holds above
$93.89, with a suggested entry at
$94.50. Set a stop loss at
$92.00 to manage risk. Target 1 can be set at
$96.50, near the MA30, and Target 2 at
$98.00, close to the 60D high. This plan leverages the current oversold condition while respecting key moving averages and the recent price range.
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