Nov. 13 at 2:05 AM
$PEGA: The current market context shows a last close at
$60.09, with an RSI of 23.61 indicating oversold conditions, suggesting potential for a rebound. The 30-day moving average (MA30) at
$59.15 and the 50-day moving average (MA50) at
$58.67 are both below the last close, indicating a bearish trend, but the oversold RSI may lead to a short-term reversal.
Directional bias leans bullish due to the low RSI, despite the bearish moving averages. The 60-day high of
$68.1 and low of
$50.39 provide a range to consider for potential price movement.
Suggested entry:
$60.50, slightly above the last close to confirm upward momentum. Stop loss:
$58.00 to manage risk. Target 1:
$64.00, near the midpoint of the recent high-low range. Target 2:
$66.00, approaching the 60D high.
Focus on monitoring price action closely for confirmation of the reversal.
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