Nov. 14 at 4:52 AM
$KTB: The last close at
$73.98 is below the 30-day MA of
$79.65 and the 50-day MA of
$79.99, indicating a bearish trend. The RSI at 28.54 suggests that the stock is oversold, which could lead to a potential reversal or bounce in price. However, the proximity to the 60-day low of
$70.59 indicates strong support, while the 60-day high of
$87.00 presents a significant resistance level.
Directional bias is bearish in the short term, but the oversold RSI may provide a buying opportunity if a reversal occurs.
Suggested entry:
$74.50 (slightly above last close to confirm upward movement).
Stop loss:
$70.00 (just below the 60-day low for risk management).
Targets:
$78.00 (near the 30-day MA) and
$82.00 (midway to the 60-day high).
Monitor for signs of reversal before entry.
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