Dec. 25 at 1:27 PM
Actionable Trade Alert for
$DE:
Market Context:
$DE is currently trading at
$467.44, below both the 30-day moving average (MA30) of
$475.9 and the 50-day moving average (MA50) of
$472.28, indicating a bearish trend. The RSI at 38.6 suggests that the stock is nearing oversold territory, which may lead to a potential reversal.
Directional Bias: Given the current price is closer to the 60-day low of
$433.0 than the high of
$500.52, the bias remains bearish, but the low RSI indicates a possible rebound.
Trade Plan:
- Suggested Entry:
$467.44
- Stop Loss:
$450.00 (approximately 3.7% below entry)
- Take Profit Targets:
1.
$480.00 (2.67% gain)
2.
$490.00 (4.81% gain)
3.
$550.00 (17.6% gain)
This trade plan provides a solid risk-reward ratio with the potential for a significant return on the third target. Monitor the price action closely for any signs of reversal.
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