Dec. 10 at 2:41 AM
Actionable Trade Alert for
$DELL:
Market Context:
$DELL is currently trading at
$138.21, nearing the upper range of its 60-day high of
$168.08. The RSI at 69.2 indicates overbought conditions, suggesting potential for a pullback. The moving averages show a bearish trend as the price is below both MA30 (139.56) and MA50 (144.27), indicating resistance levels.
Directional Bias: Given the current RSI and proximity to recent highs, the bias is bearish in the short term, anticipating a correction.
Trade Plan:
- Suggested Entry:
$137.50 (slightly below current price to capture potential pullback)
- Stop Loss:
$132.00 (5.4% risk)
- Take Profit Targets:
1.
$145.00 (5.0% gain)
2.
$155.00 (12.1% gain)
3.
$162.00 (17.2% gain)
This plan allows for a strategic entry with defined risk and multiple profit-taking opportunities. Monitor closely for market shifts.
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