Nov. 14 at 3:57 AM
$PAG is currently trading at
$159.81, below its 30-day moving average (MA30) of
$164.84 and 50-day moving average (MA50) of
$170.16, indicating a bearish market context. The RSI at 39.61 suggests that the stock is approaching oversold territory, which could signal a potential reversal. However, the price is still within the 60-day high of
$189.51 and low of
$152.17, indicating volatility.
Directional bias leans bearish due to the price being below key moving averages. A suggested entry point could be around
$157.50, just above the recent low, with a stop loss at
$154.00 to manage risk. For targets, consider
$165.00, aligning with MA30, and a secondary target at
$170.00, near MA50. This plan allows for a potential recovery while managing downside risk effectively.
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