Nov. 20 at 8:48 AM
$OSK is currently trading at
$124.58, significantly below its 30-day moving average (MA30) of
$129.51 and 50-day moving average (MA50) of
$130.95, indicating a bearish trend. The RSI at 27.96 suggests that the stock is oversold, which could signal a potential reversal or bounce. The recent high of
$144.3 and low of
$118.53 establishes a range that may provide resistance and support levels.
Given the current metrics, a potential trade plan is to consider a long position if the price shows signs of recovery. Suggested entry could be around
$126, slightly above the last close, to capture a potential bounce. Set a stop loss at
$122 to limit downside risk. For targets, consider
$130 as the first target, aligning with the MA30, and
$134 as a second target, which is near the midpoint of the recent high-low range.
Monitor for confirmation of upward momentum before entering.
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