Nov. 14 at 2:47 AM
$V is currently trading at
$336.08, below both the 30-day moving average (MA30) of
$343.31 and the 50-day moving average (MA50) of
$342.49, indicating a bearish trend. The RSI of 33.68 suggests that the stock is approaching oversold territory, which could signal a potential reversal. The recent 60-day high of
$355.00 and low of
$333.20 further define the trading range, with the current price near the low end.
For a trade plan, consider entering a long position around
$335.00, anticipating a bounce off the recent low. Set a stop loss at
$330.00 to manage risk. Target the first profit level at
$343.00, aligning with the MA30, and a second target at
$350.00, close to the 60-day high. This plan leverages the potential for a short-term reversal while respecting current bearish indicators.
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