Nov. 14 at 3:23 AM
$PPL is currently trading at
$36.55, showing a bearish market context as the RSI at 36.49 indicates it is nearing oversold territory. The price is below both the 30-day moving average (MA30) of
$37.06 and the 50-day moving average (MA50) of
$36.68, reinforcing a downward trend. The recent 60-day high of
$38.27 and low of
$35.21 suggests a consolidation phase, with the current price closer to the low.
Directional bias leans bearish due to the price being below key moving averages and the low RSI. Suggested entry point is around
$36.30, just below the recent low, to capture potential downside. Set a stop loss at
$36.80 to limit risk.
Targets can be set at
$35.50 (near the 60D low) and
$35.00 for further downside potential. Monitor for any reversal signals, as the RSI approaches oversold levels.
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