Dec. 10 at 3:38 AM
$DAY Actionable Trade Alert:
Market Context:
$DAY is currently trading at
$68.95, with a neutral RSI of 48.61 indicating no overbought or oversold conditions. The price is slightly above the 30-day moving average (MA30) of
$68.84 and the 50-day moving average (MA50) of
$68.72, suggesting a potential bullish momentum.
Directional Bias: The price is near the 60-day high of
$69.27, indicating resistance ahead. However, the proximity to the low of
$68.00 suggests limited downside risk. The ATR of
$0.17 indicates low volatility, which could favor a more stable price movement.
Trade Plan:
- Suggested Entry:
$69.00
- Stop Loss:
$67.50 (risking
$1.50)
- Take Profit Targets:
1. Target 1:
$70.00 (14.5% ROI)
2. Target 2:
$71.00 (28.9% ROI)
3. Target 3:
$72.00 (43.5% ROI)
This plan aims for a minimum of 17% ROI on the third target. Monitor price action closely for adjustments.
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