Nov. 15 at 12:52 AM
$RRR: The current market context shows a last close at
$57.36, with an RSI of 47.11 indicating a neutral momentum. The price is slightly below the 30-day moving average (MA30) of
$57.41, suggesting a potential bearish bias in the short term. The 50-day moving average (MA50) at
$58.87 further reinforces this sentiment, as the price remains below this level, indicating resistance.
Given the 60-day high of
$63.6 and low of
$51.76, the stock is currently trading closer to the lower end of this range, which could provide a buying opportunity if it shows signs of reversal.
Suggested entry:
$57.00, with a stop loss at
$55.50 to manage risk. Target 1 is set at
$58.00, just above the MA30, while Target 2 is at
$59.00, approaching the MA50. Monitor RSI for any signs of bullish divergence to confirm entry.
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