Nov. 15 at 12:47 AM
$EXP: The current market context shows a last close at
$202.06, which is near the 60D low of
$200.32, indicating potential support. The RSI at 17.03 suggests the asset is heavily oversold, which may lead to a price rebound. However, the MA30 at
$223.93 and MA50 at
$227.21 indicate a bearish trend in the medium term, as the price is significantly below these moving averages.
Directional bias leans towards a short-term recovery due to the extreme RSI, but caution is warranted given the overall bearish indicators.
Suggested entry:
$202.50 (slightly above last close to confirm support).
Stop:
$199.50 (below the 60D low to limit losses).
Targets:
$210.00 (first target, a conservative recovery) and
$215.00 (second target, approaching MA30).
Monitor closely for any signs of reversal or further weakness.
https://privateprofiteers.com
