Nov. 14 at 4:26 AM
$KD is currently trading at
$25.59, which is near the 60D low of
$24.49, indicating potential support. The RSI at 28.68 suggests that the stock is oversold, which may lead to a price rebound. The MA30 at
$28.04 is below the last close, while the MA50 at
$29.42 indicates a bearish trend in the medium term.
Given the current market context, the directional bias leans towards a potential short-term reversal due to the oversold RSI, but caution is warranted due to the bearish moving averages.
Suggested entry point is at
$25.70, slightly above the last close to confirm upward momentum. Set a stop loss at
$24.40 to minimize risk. Target 1 is
$27.00, aligning with the MA30, and Target 2 is
$28.00, just below the MA50.
This plan capitalizes on the potential for a rebound while managing risk effectively.
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