Nov. 11 at 6:18 AM
$KVUE: The stock closed at
$16.77, showing a strong upward momentum with an RSI of 70.63, indicating it is in overbought territory. The current price is above the 30-day moving average (MA30) of 15.64 and slightly above the 50-day moving average (MA50) of 16.69, suggesting bullish sentiment. However, the high of
$21.84 from the last 60 days indicates potential resistance, while the low of
$14.02 provides a support level.
Directional bias is cautiously bullish due to the recent price action and moving averages, but the elevated RSI suggests a possible pullback.
Suggested entry: Consider entering on a pullback to the MA30 around
$15.64.
Stop loss: Set a stop at
$15.50 to manage risk.
Targets: First target at
$18.50 (previous resistance) and second target at
$20.00, approaching the recent high.
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