Nov. 13 at 3:24 AM
$DAN is currently trading at
$21.74, showing a strong upward momentum but with an RSI of 68.38, indicating it is approaching overbought territory. The 30-day moving average (MA30) at
$19.89 and the 50-day moving average (MA50) at
$20.11 suggest a bullish trend, as the price is well above these averages. The recent 60-day high of
$22.13 provides a resistance level, while the 60-day low of
$17.74 indicates a solid support base.
Given the current metrics, the directional bias leans bullish, but caution is warranted due to the high RSI. A suggested entry point could be around
$21.50, with a stop loss set at
$20.50 to manage risk. Target 1 can be set at
$22.00, near the 60D high, and Target 2 at
$22.13, aiming to capture potential breakout momentum.
Monitor the RSI for signs of reversal as the price approaches these targets.
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