Nov. 13 at 3:22 AM
$KAR: The last close at
$25.05 is significantly below the 30-day moving average (MA30) of
$26.61 and the 50-day moving average (MA50) of
$27.48, indicating a bearish market context. The RSI at 25.91 suggests the stock is oversold, which could lead to a potential reversal or a short-term bounce. However, the price is still within the 60-day range, having a high of
$30.93 and a low of
$24.47, indicating that the stock is currently closer to the lower end of this range.
Suggested entry point is at
$25.20, slightly above the last close to confirm upward momentum. Set a stop loss at
$24.50 to limit potential losses. Target 1 is at
$26.00, aligning with MA30, and Target 2 is at
$26.50, which is a psychological level and near the recent high.
Overall, the strategy is to capitalize on a potential short-term rebound while managing risk effectively. https://privateprofiteers.com
