Nov. 21 at 3:58 AM
$GOLF: The current market context shows a last close of
$77.55, sitting between the 60-day high of
$83.18 and the low of
$73.09. The RSI at 50.74 indicates a neutral momentum, suggesting that the stock is neither overbought nor oversold. The price is below both the 30-day MA of
$79.38 and the 50-day MA of
$78.51, indicating a bearish trend in the short to medium term.
Directional bias leans bearish due to the price's position relative to the moving averages. Suggested entry would be at
$77.00, aiming for a slight breakdown below the current price. Set a stop loss at
$79.00 to limit potential losses.
Target 1 can be set at
$75.00, aligning with the lower end of the 60-day range, while Target 2 can be at
$73.50, just above the 60-day low.
This plan allows for a risk-managed approach while capitalizing on the current bearish sentiment.
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