Dec. 8 at 10:29 PM
Actionable Trade Alert for
$DELL:
Market Context:
$DELL is currently trading at
$140.81, showing a strong upward momentum but is overbought with an RSI of 73.6. The stock is above its 30-day moving average (MA30) of 140.37 but below the 50-day moving average (MA50) of 144.19, indicating potential resistance ahead.
Directional Bias: The high of
$168.08 in the last 60 days suggests room for upside, but the RSI indicates a correction may be imminent. The price is near the upper range of the 60-day low of
$116.56, reinforcing caution.
Trade Plan:
- Suggested Entry:
$140.50 (slightly below the last close)
- Stop Loss:
$135.00 (3.5% below entry)
- Take Profit Targets:
- Target 1:
$150.00 (6.5% gain)
- Target 2:
$160.00 (13.9% gain)
- Target 3:
$165.00 (17.4% gain)
This plan allows for potential significant returns while managing risk.
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