Nov. 14 at 3:47 AM
$MAS: The market context shows a last close of
$61.8, significantly below the 30-day moving average (MA30) of
$66.19 and the 50-day moving average (MA50) of
$68.68, indicating bearish sentiment. The RSI at 17.78 suggests that the stock is oversold, which could signal a potential reversal or bounce. However, the proximity to the 60-day low of
$61.01 raises caution.
Directional bias leans bearish due to the price below key moving averages, but the extreme RSI indicates a potential short-term recovery.
Suggested entry is at
$62.00, just above the last close, allowing for a possible bounce. Set a stop loss at
$60.50 to limit downside risk.
Targets are
$64.00 (near MA30) and
$66.00 (previous resistance level), providing a favorable risk-reward ratio. Monitor closely for any shifts in momentum.
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