Nov. 14 at 4:27 AM
$NXST is currently trading at
$183.64, showing a bearish market context as it is below both the 30-day MA of
$194.11 and the 50-day MA of
$197.45. The RSI at 41.34 indicates a neutral to slightly bearish momentum, suggesting potential for further downside. The recent 60-day high of
$210.46 and low of
$181.54 highlight a range where the price is closer to the low, reinforcing bearish sentiment.
Suggested entry is at
$182.50, just above the recent low, to capitalize on potential downside. Set a stop loss at
$187.00 to limit risk. Target 1 is
$178.00, aligning with a potential support level, and Target 2 is
$175.00, which is a psychological level and aligns with the downward trend.
Monitor price action closely, especially around the ATR of
$6.46, which indicates volatility. Adjust targets and stops as necessary based on market movements.
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