Nov. 15 at 1:33 AM
$RH is currently trading at
$158.32, significantly below its 30-day moving average (MA30) of
$177.75 and 50-day moving average (MA50) of
$194.83, indicating a bearish trend. The RSI at 33.65 suggests that the stock is nearing oversold territory, which could signal a potential reversal or bounce. The recent 60-day high of
$257.00 and low of
$155.51 further show a wide range, indicating volatility and potential for price movement.
Given the current metrics, the directional bias leans bearish in the short term, but with a possible upward correction due to the low RSI. Suggested entry could be around
$155.51 (60D low), with a stop loss at
$150.00 to manage risk. Targets could be set at
$170.00 (near MA30) and
$180.00 (psychological resistance level).
Monitor for any changes in market sentiment or price action that may affect this plan.
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