Nov. 15 at 10:27 PM
$HPE: The last close at
$22.83 is below the 30-day moving average (MA30) of
$23.96 and the 50-day moving average (MA50) of
$24.19, indicating a bearish market context. The RSI at 34.76 suggests that the stock is approaching oversold territory, which may indicate a potential reversal. However, the price is currently closer to the 60-day low of
$21.84 than the high of
$26.44, reinforcing a bearish bias.
Suggested entry:
$22.50, targeting a potential bounce. Stop loss at
$21.80 to limit downside risk.
Targets: First target at
$23.00 (near MA30) and second target at
$23.50 (previous resistance level).
Monitor RSI for signs of recovery and MA crossovers for potential bullish confirmation.
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