Dec. 9 at 12:35 AM
Actionable Trade Alert for
$DAVE:
Market Context:
$DAVE is currently trading at
$201.49, showing a neutral RSI of 54.68, indicating a balanced market sentiment. The stock is below both the 30-day MA of 218.97 and the 50-day MA of 216.08, suggesting potential resistance ahead. However, the recent price action is above the 60-day low of 175.01, indicating a bullish recovery from recent lows.
Directional Bias: The price is positioned between the recent high of 273.12 and low of 175.01, providing a potential upside. The RSI indicates room for upward movement without being overbought.
Trade Plan:
- Suggested Entry:
$202.00 (slightly above the last close to confirm upward momentum)
- Stop Loss:
$190.00 (5.7% below entry)
- Take Profit Targets:
1.
$220.00 (9% gain)
2.
$240.00 (18% gain)
3.
$235.00 (16.5% gain)
Target 3 provides a potential ROI of 17%+. Monitor closely for price action around MA levels.
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