Nov. 13 at 1:55 AM
$HLI is currently trading at
$182.2, showing a bearish market context with an RSI of 34.46, indicating oversold conditions. The price is significantly below the 30-day moving average (MA30) of 191.24 and the 50-day moving average (MA50) of 196.12, suggesting downward momentum. The recent 60-day high of 211.78 and low of 176.39 further highlight the current volatility, with the price nearing the 60D low.
Directional bias leans bearish, but with the RSI indicating potential for a reversal, a cautious approach is warranted.
Suggested entry is at
$180, just above the 60D low. Set a stop loss at
$175 to manage risk. Target 1 can be set at
$190, aligning with the MA30, while Target 2 can be at
$196, near the MA50.
Monitor for signs of reversal as the price approaches the lower range.
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