Nov. 15 at 1:23 AM
$PVH: The current market context shows a last close at
$78.33, with the RSI at 33.22 indicating that the stock is oversold. The 30-day moving average (MA30) is at
$80.91, and the 50-day moving average (MA50) is at
$82.45, suggesting a bearish trend as the price is below both MAs. The 60-day high is
$89.79 and the low is
$74.35, indicating a range that could provide volatility opportunities.
Directional bias is bearish due to the price being below both MAs and the RSI indicating oversold conditions, which could lead to a potential bounce.
Suggested entry:
$77.50 (if the price shows signs of reversal).
Stop:
$75.50 (to limit losses below the recent low).
Targets:
$80.00 (first target near MA30) and
$82.00 (second target near MA50).
Monitor for any changes in momentum or volume to adjust the plan accordingly.
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