Nov. 14 at 3:43 AM
$RS: The current market context shows a last close of
$273.45, with an RSI of 44.49 indicating a neutral stance, leaning towards potential oversold conditions. The price is below both the 30-day moving average (MA30) of
$276.82 and the 50-day moving average (MA50) of
$281.28, suggesting a bearish trend. However, the proximity to the 60-day low of
$260.31 may provide support, while the 60-day high of
$302.48 indicates resistance.
Directional bias is slightly bearish due to the price being below key moving averages, but the RSI suggests a potential for a rebound.
Suggested entry:
$272.00 (below current close for confirmation).
Stop:
$265.00 (below the 60D low).
Targets:
$280.00 (first target near MA30) and
$290.00 (second target approaching MA50).
Monitor for price action around these levels to adjust the strategy as needed.
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