Nov. 13 at 1:44 AM
$DD: The current market context shows a strong upward momentum with the last close at
$40.4, near the 60D high of
$40.79. The RSI at 89.96 indicates the stock is overbought, suggesting potential for a pullback. The 30-day moving average (MA30) at
$34.59 and the 50-day moving average (MA50) at
$33.65 provide support levels below the current price, indicating a bullish trend in the medium term.
Directional bias is cautious bullish due to the high RSI, which may lead to a correction. Suggested entry point is around
$39.50 to capitalize on a potential pullback. Set a stop loss at
$38.00 to manage risk. For targets, aim for
$41.50 as the first target, aligning with the 60D high, and a second target at
$42.50, anticipating further upward movement if momentum continues.
Monitor the ATR of 1.22 for volatility considerations.
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