Nov. 14 at 4:37 AM
$KRG: The current market context shows a last close at
$22.5, with an RSI of 42.91 indicating a neutral to slightly bearish momentum. The price is above the 30-day MA of
$22.31 and the 50-day MA of
$22.32, suggesting short-term bullish support. However, the RSI below 50 signals potential weakness. The 60-day high of
$23.38 provides a resistance level, while the low of
$21.33 indicates support.
Directional bias leans slightly bullish given the proximity to moving averages and the recent price action. Suggested entry is at
$22.6, slightly above the last close to confirm upward momentum. Set a stop loss at
$22.1 to manage risk. Target 1 can be set at
$23.0, near the 60D high, and Target 2 at
$23.3 for a more aggressive approach.
Monitor for price action around the targets and adjust stops accordingly to lock in profits.
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