Nov. 15 at 1:04 AM
$OZK is currently trading at
$43.98, which is near its 60D low of
$43.02, indicating potential support. The RSI at 34.29 suggests the stock is oversold, which could lead to a rebound. However, the price is below the 30-day moving average (MA30) of 46.89 and the 50-day moving average (MA50) of 48.87, indicating a bearish trend in the short to medium term.
Directional bias is bearish due to the price being below both MAs, but the proximity to the 60D low and the oversold RSI may provide a short-term bullish opportunity.
Suggested entry is at
$44.50, with a stop loss at
$43.00 to limit potential losses. Target 1 is set at
$46.00, aligning with the MA30, and Target 2 at
$48.00, near the MA50.
This plan allows for a cautious approach while recognizing the potential for a bounce from the current support level.
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