Dec. 19 at 3:24 PM
Actionable Trade Alert for
$DELL:
Market Context:
$DELL is currently trading at
$122.94, showing bearish momentum with an RSI of 38.23, indicating it is nearing oversold territory. The stock is below both the 30-day MA of
$133.08 and the 50-day MA of
$141.94, suggesting a downtrend. The recent 60-day high of
$168.08 and low of
$116.56 provides a clear range for potential price movement.
Directional Bias: Given the current RSI and position relative to MAs, we anticipate a potential reversal or rebound from the lower end of the range.
Trade Plan:
- Suggested Entry:
$122.94
- Stop Loss:
$116.50 (below 60D low)
- Take Profit Targets:
1.
$130.00 (Target 1, ~5.7% ROI)
2.
$135.00 (Target 2, ~9.8% ROI)
3.
$144.00 (Target 3, ~17.1% ROI)
This trade plan allows for a calculated risk-reward scenario, capitalizing on the potential upside while managing downside risk effectively.
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