Nov. 14 at 3:04 AM
$RSG: The last close at
$206.02 indicates a bearish market context, especially with an RSI of 23.71, signaling oversold conditions. The price is below both the 30-day MA of
$215.95 and the 50-day MA of
$220.65, reinforcing a downward trend. The recent 60-day high of
$237.06 and low of
$201.42 suggest a range-bound market, with current pricing near the low end.
Directional bias is bearish, but the oversold RSI indicates a potential for a short-term rebound. Suggested entry is at
$206.50, slightly above the last close to confirm upward momentum. A stop loss should be placed at
$201.00, just below the 60-day low to manage risk.
Targets can be set at
$215.00 (approaching the 30-day MA) and
$220.00 (near the 50-day MA), allowing for a reasonable risk-reward ratio.
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