Nov. 14 at 3:44 AM
$KIM is currently trading at
$20.43, below its 30-day moving average (MA30) of
$21.26 and 50-day moving average (MA50) of
$21.56, indicating a bearish trend. The RSI at 22.16 suggests that the stock is oversold, which may signal a potential reversal or bounce in the near term. The 60-day high of
$22.97 and low of
$20.02 further define the trading range, with the current price closer to the low.
For a trade plan, consider entering a long position at
$20.50, slightly above the last close to confirm upward momentum. Set a stop loss at
$20.00 to limit downside risk. Target 1 can be set at
$21.00, aligning with the MA30, and Target 2 at
$21.50, near the MA50. This plan capitalizes on the potential for a bounce while managing risk effectively.
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