Nov. 13 at 3:16 AM
$KGS is currently trading at
$34.13, showing a neutral to bearish market context. The RSI at 40.58 indicates that the stock is approaching oversold territory, suggesting potential for a rebound. However, the price is below both the 30-day MA (35.08) and the 50-day MA (34.93), indicating a bearish trend in the short to medium term.
Given the recent 60-day high of
$37.99 and low of
$32.57, the stock is currently closer to the lower end of this range, which may provide a buying opportunity if it shows signs of reversal.
Suggested entry is at
$34.30, with a stop loss set at
$33.50 to manage risk. Target 1 is
$35.00, which aligns with the 30-day MA, and Target 2 is
$36.00, near the midpoint of the recent high-low range.
Monitor the RSI for signs of recovery to validate the entry.
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