Nov. 15 at 1:18 AM
$VVV: The last close at
$31.8 indicates the stock is currently trading below its 30-day moving average (MA30) of
$33.53 and 50-day moving average (MA50) of
$35.49, suggesting a bearish trend. The RSI at 34.72 indicates the stock is approaching oversold territory, which may signal a potential reversal or bounce. However, the price is also near the 60-day low of
$30.77, indicating strong support.
Directional bias is bearish in the short term, but the low RSI presents a potential for a bounce. Suggested entry is at
$32.00, slightly above the last close to confirm upward momentum. Set a stop loss at
$30.50 to limit downside risk. Target 1 is at
$33.00, aligning with the MA30, and Target 2 is at
$34.00, near the MA50.
Monitor for volume increases to validate the reversal.
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