Nov. 21 at 2:14 AM
$KKR is currently trading at
$114.43, showing a bearish market context as the price is below both the 30-day moving average (MA30) of
$119.73 and the 50-day moving average (MA50) of
$126.26. The RSI of 41.94 indicates that the stock is approaching oversold territory, suggesting potential for a reversal, but it remains in a downward trend. The 60-day high of
$152.1 and low of
$112.0 highlights a narrow range, with current price closer to the low, indicating limited upward momentum.
Suggested entry point is at
$113.50, slightly below the current price to capture potential retracement. Set a stop-loss at
$111.50 to manage risk. Target 1 is
$118.00, aligning with the MA30, while Target 2 is
$121.00, near the MA50. This plan allows for a cautious approach, considering the current bearish sentiment while monitoring for potential bullish reversals.
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