Nov. 14 at 3:44 AM
$LYB: The last close at
$45.52 indicates a bearish sentiment, as the price is below both the 30-day moving average (MA30) of
$46.04 and the 50-day moving average (MA50) of
$48.42. The RSI at 43.24 suggests the stock is nearing oversold territory, but not yet indicating a strong reversal signal. The 60-day high of
$59.03 and low of
$41.58 highlight a significant range, with current price closer to the low.
Directional bias is bearish in the short term due to the price being below key moving averages, but potential for a rebound exists if it approaches the lower range.
Suggested entry:
$44.50 (if price shows signs of stabilization). Stop loss:
$43.00 (below the 60D low). Target 1:
$46.00 (near MA30), Target 2:
$48.00 (near MA50).
Monitor for any changes in momentum or volume that could signal a shift.
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