Dec. 17 at 2:08 AM
Actionable Trade Alert for
$DE:
Market Context:
$DE is currently trading at
$487.07, just below the 60D high of
$500.52. The RSI at 44.38 indicates a neutral stance, suggesting potential for upward momentum as it approaches oversold levels. The MA30 at
$476.23 and MA50 at
$469.97 provide support levels that reinforce the bullish outlook.
Directional Bias: With the price above both the MA30 and MA50, there is a bullish bias. The recent price action suggests a potential breakout above the 60D high, given the proximity to resistance.
Trade Plan:
- Suggested Entry:
$488.00
- Stop Loss:
$475.00 (2.7% below entry)
- Take Profit Targets:
- Target 1:
$495.00 (1.4% gain)
- Target 2:
$505.00 (3.5% gain)
- Target 3:
$570.00 (16.9% gain)
This trade plan aims for a minimum of 17% ROI on the third target. Monitor price action closely for adjustments.
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