Nov. 14 at 3:46 AM
$KTOS: The current market context shows a significant downtrend, with the last close at
$71.69 well below the 30-day moving average (MA30) of
$88.62 and the 50-day moving average (MA50) of
$84.45. The RSI at 26.64 indicates that the stock is oversold, suggesting a potential for a reversal, but caution is warranted due to the overall bearish sentiment.
Directional bias leans bearish given the proximity to the 60-day low of
$61.4. A suggested entry point could be around
$70, with a stop loss set at
$66 to manage risk.
For targets, consider a first target at
$75, which aligns with a minor resistance level, and a second target at
$80, near the MA50. This plan accounts for the current volatility with an ATR of 5.62, allowing for potential price fluctuations.
Monitor closely for any signs of reversal before entering.
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