Dec. 5 at 11:09 PM
Actionable Trade Alert for
$DAVE:
Market Context:
$DAVE is currently trading at
$210.09, showing a neutral RSI at 46.68, indicating no immediate overbought or oversold conditions. The price is below both the 30-day MA (221.67) and the 50-day MA (216.74), suggesting bearish momentum in the short term. However, the stock is well above the 60-day low of 175.01, indicating potential for upward movement.
Directional Bias: Given the current price is closer to the 60-day low and the RSI is not overbought, there is a potential for a rebound.
Trade Plan:
- Suggested Entry:
$210.09
- Stop Loss:
$200.00 (risking
$10.09)
- Take Profit Targets:
1. Target 1:
$220.00 (5% gain)
2. Target 2:
$230.00 (9.5% gain)
3. Target 3:
$245.00 (16.6% gain)
With a potential 16.6% ROI at Target 3, this trade offers a favorable risk-reward ratio.
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