Dec. 11 at 10:42 PM
Actionable Trade Alert for
$DDOG:
Market Context:
$DDOG is currently trading at
$149.3, significantly below its 30-day moving average (MA30) of
$166.8 and 50-day moving average (MA50) of
$162.92. The RSI at 26.78 indicates the stock is oversold, suggesting a potential reversal.
Directional Bias: Given the oversold RSI and the proximity to the 60-day low of
$133.14, there is a bullish bias for a recovery towards the MA30.
Trade Plan:
- Suggested Entry:
$149.3
- Stop Loss:
$143.0 (approximately 4.3% below entry)
- Take Profit Targets:
1.
$160.0 (7.2% ROI)
2.
$170.0 (13.8% ROI)
3.
$175.0 (17.2% ROI)
Rationale: The targets are set to capture gains as the price potentially retraces to the MA30 and beyond, leveraging the oversold condition for a rebound.
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