Nov. 15 at 1:28 AM
$KFY: The current market context shows a last close of
$65.34, significantly below the 30-day moving average (MA30) of
$68.04 and the 50-day moving average (MA50) of
$69.62, indicating a bearish trend. The RSI at 27.73 suggests that the stock is oversold, which may lead to a potential reversal or short-term bounce. The recent high of
$78.5 and low of
$63.66 creates a range that can be utilized for trade planning.
Directional bias leans towards a potential short-term recovery due to the oversold RSI, but caution is warranted given the overall bearish trend indicated by the moving averages.
Suggested entry:
$66.00 (slightly above the last close). Stop loss:
$64.00 (to limit downside risk). Target 1:
$68.00 (near MA30), Target 2:
$70.00 (psychological resistance).
Monitor closely for any signs of reversal or continuation of the bearish trend.
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