Nov. 15 at 10:27 PM
$KVUE trade plan:
Market context: The last close at
$16.66 indicates a position above the 30-day moving average (MA30) of
$15.75 and slightly above the 50-day moving average (MA50) of
$16.42, suggesting bullish momentum. The RSI at 68.63 indicates that the stock is approaching overbought territory, which may lead to a pullback.
Directional bias: Given the current price is near the 60-day high of
$21.78 and well above the 60-day low of
$14.02, there is potential for a continuation of upward movement, but caution is warranted due to the high RSI.
Suggested entry: Consider entering a long position on a pullback to around
$16.00, which aligns with the MA50.
Stop: Set a stop loss at
$15.50 to manage risk.
Targets: First target at
$18.00 and a second target at
$20.00, taking advantage of the high range while monitoring RSI for potential reversal signals.
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