Nov. 14 at 3:41 AM
$NWS: The current market context shows a last close of
$29.68, with the RSI at 46.71 indicating neutral momentum. The price is below the 30-day moving average (MA30) of
$30.13 and the 50-day moving average (MA50) of
$31.37, suggesting bearish sentiment in the short to medium term. The 60-day high of
$35.26 and low of
$28.43 indicates a range-bound scenario, with current pricing closer to the lower end.
Directional bias leans bearish due to the price being below key moving averages and the RSI not indicating oversold conditions.
Suggested entry:
$29.50 (below current close to confirm bearish trend).
Stop:
$30.50 (above MA30 to limit losses).
Targets:
$28.50 (near the 60D low) and
$27.00 (further downside potential).
Monitor for any changes in momentum or breaking above MA30 for potential reversal signals.
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