Dec. 19 at 3:40 PM
Actionable Trade Alert for
$DAL:
Market Context:
$DAL is currently trading at
$70.15, showing strong upward momentum. The RSI is at 76.47, indicating overbought conditions, while the price is near the 60D high of
$72.34. The moving averages (MA30 at 63.52 and MA50 at 61.85) suggest a bullish trend, but the high RSI signals caution.
Directional Bias: Given the current price is close to the 60D high, we anticipate a potential pullback before further upward movement. However, if momentum continues, we can target higher levels.
Trade Plan:
- Suggested Entry:
$70.15
- Stop Loss:
$66.00 (below recent support)
- Take Profit Targets:
1.
$72.00 (1st target, 2.6% gain)
2.
$73.50 (2nd target, 4.8% gain)
3.
$82.00 (3rd target, 17% gain)
This plan offers a well-defined risk-reward ratio, with the potential for significant returns while managing risk appropriately.
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