Nov. 14 at 4:14 AM
$VNO: The current market context shows a last close of
$34.72, significantly below both the 30-day moving average (MA30) of
$38.34 and the 50-day moving average (MA50) of
$39.5. The RSI at 25.05 indicates that the stock is in oversold territory, suggesting potential for a rebound. The 60-day high of
$43.37 provides a resistance level, while the low of
$33.81 offers support.
Directional bias leans towards a potential upward correction due to the oversold RSI, but caution is warranted given the proximity to the 60D low.
Suggested entry:
$35.00, just above the last close to confirm upward momentum.
Stop loss:
$33.50, below the 60D low to limit risk.
Targets: First target at
$38.00, near the MA30, and a second target at
$40.00, approaching the MA50.
Monitor market conditions closely for volatility.
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