Nov. 14 at 3:21 AM
$K: The last close at
$83.29 indicates a strong position relative to the 30-day moving average (MA30) of
$83.04 and the 50-day moving average (MA50) of
$81.52, suggesting bullish momentum. The RSI at 68.57 indicates that the stock is approaching overbought territory, which may lead to a pullback. However, the price is near the 60-day high of
$83.45, indicating potential for further gains if momentum continues.
Directional bias is bullish, but caution is warranted due to the elevated RSI. Suggested entry is at
$83.00, slightly below the last close to confirm support. Set a stop loss at
$82.50 to limit risk. Target 1 is
$84.00, just above the 60-day high, and Target 2 is
$85.00, allowing for further upside if momentum persists.
Monitor the RSI and price action closely for signs of reversal.
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