Nov. 13 at 3:21 AM
$HWKN is currently trading at
$128.03, significantly below its 30-day moving average (MA30) of
$159.11 and 50-day moving average (MA50) of
$164.73, indicating a bearish trend. The RSI at 15.1 suggests that the asset is heavily oversold, which may lead to a potential reversal or bounce in the near term. The recent high of
$186.15 and low of
$123.19 over the last 60 days establishes a range that could provide resistance and support levels.
Suggested entry point is at
$128.50, slightly above the last close to confirm upward momentum. Set a stop loss at
$123.00 to limit potential losses. Target 1 is
$140.00, aligning with a potential retracement, and Target 2 is
$150.00, near the MA30, which could serve as resistance.
Overall, while the immediate trend is bearish, the oversold condition presents a short-term bullish opportunity.
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