Dec. 11 at 11:17 PM
$DD Trade Alert:
Market Context: The last close is
$41.53, with a strong RSI of 91.37 indicating overbought conditions. However, the price is near the 60D high of
$41.8, suggesting potential for a breakout.
Directional Bias: The bullish sentiment is supported by the price being above both the 30-day MA of
$39.05 and the 50-day MA of
$36.73. This indicates a strong upward trend. The high-low range shows significant volatility, with a 60D low of
$30.83, providing a solid base for potential gains.
Trade Plan:
- Suggested Entry:
$41.55 (slightly above last close for confirmation)
- Stop Loss:
$39.00 (to protect against downside risk)
- Take Profit Targets:
- Target 1:
$43.00 (5.3% ROI)
- Target 2:
$45.00 (8.5% ROI)
- Target 3:
$48.50 (16.7% ROI)
This plan aims for a minimum of 17% ROI on the third target while managing risk effectively.
For more insights, visit https://privateprofiteers.com.
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