Dec. 25 at 1:30 PM
Actionable Trade Alert for
$DELL:
Market Context:
$DELL is currently trading at
$128.38, showing a bearish sentiment as indicated by an RSI of 35.6, suggesting it is nearing oversold territory. The stock is below its 30-day moving average (MA30) of 130.81 and significantly below its 50-day moving average (MA50) of 139.94, reinforcing a downward trend. The recent 60-day high of 168.08 and low of 116.56 indicates potential volatility.
Directional Bias: Given the current RSI and position relative to MAs, there is a potential for a rebound, especially if it approaches the lower end of the 60D range.
Trade Plan:
- Suggested Entry:
$126.00 (anticipating a bounce)
- Stop Loss:
$122.00 (risking
$4.00)
- Take Profit Targets:
1.
$132.00 (5% gain)
2.
$138.00 (9% gain)
3.
$150.00 (17% gain)
This plan offers a solid risk-reward ratio with a potential ROI of over 17% on the third target.
For more insights, visit https://privateprofiteers.com.
https://privateprofiteers.com
