Nov. 14 at 3:03 AM
$DDOG is currently trading at
$185.97, exhibiting a strong bullish sentiment as indicated by an RSI of 69.43, approaching overbought territory. The price is significantly above the 30-day moving average (MA30) of 164.71 and the 50-day moving average (MA50) of 154.65, suggesting upward momentum. The recent high of
$201.69 indicates potential resistance, while the low of
$126.25 establishes a solid support range.
Given the current metrics, the directional bias is bullish. A suggested entry point could be around
$185, with a stop loss set at
$177.25, just below recent support levels. For targets, consider
$195 as an initial target, with a secondary target at
$201, aligning with the 60-day high.
Monitor the RSI for signs of reversal and adjust the plan accordingly.
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