Nov. 14 at 4:55 AM
$WHR is currently trading at
$65.69, showing a bearish market context with an RSI of 29.51, indicating oversold conditions. The price is below both the 30-day MA of 72.44 and the 50-day MA of 77.66, reinforcing a downward trend. The recent 60-day high of 96.57 and low of 65.35 suggests a tight range, with the current price near the low end, indicating potential support.
Directional bias is bearish, but the oversold RSI may lead to a short-term rebound. Suggested entry is at
$66.00, slightly above the current close to confirm upward momentum. Place a stop loss at
$64.50 to limit downside risk.
Targets are set at
$70.00 (near the 30-day MA) and
$72.00 (previous resistance level), allowing for a potential recovery while managing risk effectively.
Monitor market conditions closely for any changes in momentum.
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