Dec. 11 at 10:37 PM
Actionable Trade Alert for
$DELL:
Market Context:
$DELL is currently experiencing bullish momentum, indicated by its recent close of
$137.5. However, the RSI at 74.72 suggests it is overbought, which may lead to a price correction. The stock is trading below its 30-day moving average (MA30) of
$137.88 and significantly below the 50-day moving average (MA50) of
$144. This indicates potential resistance levels ahead.
Directional Bias: Despite the overbought RSI, the stock has room to move towards its 60-day high of
$168.08. The range between the 60-day high and low (116.56) provides a favorable trading opportunity.
Trade Plan:
- Suggested Entry:
$137.5
- Stop Loss:
$130 (approx. 5.1% below entry)
- Take Profit Targets:
1.
$145 (Target 1: 5.4% ROI)
2.
$155 (Target 2: 12.7% ROI)
3.
$161.5 (Target 3: 17.5% ROI)
Monitor closely for price action near the targets and adjust stop loss as necessary.
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