Nov. 13 at 1:50 AM
$TKO: The current market context shows a last close at
$179.69, with an RSI of 27.75 indicating oversold conditions, suggesting potential for a bullish reversal. The price is below both the 30-day MA of
$188.7 and the 50-day MA of
$192.76, indicating a bearish trend in the short to medium term. However, the proximity to the 60-day low of
$177.12 may provide a support level.
Directional bias leans bullish due to the oversold RSI, but caution is warranted given the moving averages.
Suggested entry:
$180.50, slightly above the last close to confirm momentum.
Stop loss:
$176.00, just below the recent low to minimize risk.
Targets: First target at
$188.00 (near the 30-day MA) and second target at
$192.00 (near the 50-day MA).
Monitor market conditions closely for any changes in momentum.
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