Nov. 14 at 3:58 AM
$DINO: The last close at
$54.03 indicates a position within the recent trading range defined by the 60D high of
$56.24 and low of
$45.42. With an RSI of 47.76, the stock is neither overbought nor oversold, suggesting a neutral momentum. The MA30 at
$52.99 and MA50 at
$52.71 indicate a bullish trend as the price is above both moving averages, which may support upward movement.
Directional bias leans slightly bullish given the proximity to the MAs and the recent price action. Suggested entry is at
$54.50, just above the last close, to capture potential upward momentum. Set a stop at
$52.50 to manage risk, allowing for a reasonable ATR buffer. Target 1 is
$56.00, near the 60D high, while Target 2 is
$57.00, providing an additional upside opportunity.
Overall, the trade plan reflects a cautious bullish outlook based on current metrics. For more insights, visit https://privateprofiteers.com.
https://privateprofiteers.com
