Dec. 11 at 10:34 PM
Actionable Trade Alert for
$DE:
Market Context:
$DE closed at
$478.89, positioned between its 60D high of
$500.52 and low of
$433.00. The current RSI of 51.16 indicates neutral momentum, suggesting potential for upward movement as it is above the MA30 (473.97) and MA50 (468.47).
Directional Bias: Given the proximity to the 60D high and the positive positioning relative to moving averages, there is a bullish bias. The ATR of 13.5 indicates moderate volatility, providing room for price movement.
Trade Plan:
- Suggested Entry:
$480.00 (slightly above the last close)
- Stop Loss:
$466.00 (below the MA50)
- Take Profit Targets:
1. TP1:
$490.00 (2.08% ROI)
2. TP2:
$495.00 (3.37% ROI)
3. TP3:
$560.00 (17% ROI)
This plan capitalizes on the upward potential while managing risk effectively. Monitor closely for price action around the targets.
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