Nov. 14 at 4:01 AM
$POOL: The last close at
$245.93 indicates a position near the 60D Low of
$242.1, suggesting potential support at this level. The RSI at 13.77 is significantly oversold, indicating a strong likelihood of a price rebound. However, the MA30 at
$281.04 and MA50 at
$296.07 suggest a bearish trend in the medium term, as the price is well below these moving averages.
Directional bias is cautiously bullish due to the extreme RSI, which may lead to a short-term reversal. Suggested entry is at
$245.50, just below the last close to confirm support. Set a stop loss at
$240.00 to manage risk. Target 1 is
$255.00, aligning with a potential short-term resistance level, and Target 2 is
$265.00, near the MA30.
Monitor market conditions closely, as the overall trend remains bearish despite the oversold RSI.
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