Dec. 6 at 1:35 AM
Actionable Trade Alert for
$DDOG:
Market Context:
$DDOG closed at
$153.0, significantly below its 60-day high of
$201.69, indicating a potential rebound opportunity. The RSI at 7.81 signals an oversold condition, suggesting a strong likelihood of a price correction upward.
Directional Bias: With the current price well below both the 30-day MA (167.64) and the 50-day MA (162.06), the stock is in a bearish trend. However, the extreme RSI indicates a potential reversal. The 60-day low of
$132.28 provides a solid support level.
Trade Plan:
- Suggested Entry:
$153.0
- Stop Loss:
$145.0 (approx. 5.2% risk)
- Take Profit Targets:
1. Target 1:
$165.0 (7.8% gain)
2. Target 2:
$175.0 (14.4% gain)
3. Target 3:
$180.0 (17.6% gain)
This plan provides a favorable risk-reward ratio with a potential ROI of over 17% on the third target.
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