Nov. 14 at 11:44 PM
$LYV is currently trading at
$135.86, showing a bearish market context with an RSI of 28.3, indicating oversold conditions. The price is significantly below the 30-day MA of 149.17 and the 50-day MA of 155.78, reinforcing the downward trend. The recent high of
$175.25 and low of
$133.54 suggest a tight trading range, with the current price near the 60D low, which could act as a support level.
Directional bias is bearish due to the RSI and moving averages indicating weakness. A suggested entry point could be around
$136, with a stop loss set at
$130 to limit potential losses. Target 1 could be set at
$145, near the 30-day MA, and Target 2 at
$150, aligning with the 50-day MA. This plan accounts for the current market dynamics and aims to capitalize on a potential rebound while managing risk effectively.
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