Dec. 8 at 10:21 PM
Actionable Trade Alert for
$DIS:
Market Context: Disney (
$DIS) is currently trading at
$106.45, showing a stable RSI of 52.19, indicating neutral momentum. The stock is positioned between its 60-day high of
$117.09 and low of
$101.89, suggesting a potential for upward movement.
Directional Bias: The price is below both the 30-day MA of
$108.11 and the 50-day MA of
$109.71, indicating a bearish trend in the short to medium term. However, the RSI suggests that the stock is not oversold, which could lead to a reversal.
Trade Plan:
- Suggested Entry:
$106.45
- Stop Loss:
$104.00 (approximately 2.3% below entry)
- Take Profit Targets:
1. Target 1:
$110.00 (3.5% gain)
2. Target 2:
$113.00 (6.1% gain)
3. Target 3:
$125.00 (17.5% gain)
This trade plan allows for a potential 17% ROI on the third target, while maintaining a reasonable risk-reward ratio.
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