Dec. 10 at 2:38 AM
$DE Actionable Trade Alert:
Market Context:
$DE is currently trading at
$462.76, within a range defined by a 60-day high of
$500.52 and a low of
$433.00. The RSI at 44.27 indicates the stock is approaching oversold territory, suggesting potential for upward movement.
Directional Bias: The stock is below both the 30-day MA (473.76) and the 50-day MA (467.69), indicating a bearish short-term trend. However, the RSI suggests a possible reversal, providing a bullish bias for a short-term trade.
Trade Plan:
- Suggested Entry:
$465.00 (slightly above the current close to confirm upward momentum)
- Stop Loss:
$450.00 (below recent support levels)
- Take Profit Targets:
1. TP1:
$475.00 (2.15% gain)
2. TP2:
$485.00 (4.88% gain)
3. TP3:
$540.00 (16.67% gain)
This plan offers a potential ROI of over 17% on TP3. Monitor closely for market conditions and adjust as necessary.
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