Nov. 14 at 2:55 AM
$LOW is currently trading at
$231.47, near its 60D low of
$229.18, indicating potential support in this range. The RSI at 30.69 suggests that the stock is oversold, which may lead to a price rebound. However, the stock is below both the 30-day MA of
$238.85 and the 50-day MA of
$248.44, indicating a bearish trend in the short to medium term.
Given this market context, the directional bias leans towards a potential short-term reversal. A suggested entry point could be around
$232, with a stop loss set at
$228 to manage risk. For targets, consider
$238 (near the 30-day MA) as the first target, and
$245 (mid-range between the 30-day and 50-day MAs) as the second target.
Monitor the price action closely, as a sustained move above
$238 could indicate a shift in momentum.
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