Dec. 25 at 1:22 PM
Actionable Trade Alert for
$DIS:
Market Context:
$DIS closed at
$114.48, showing strong momentum with an RSI of 78.1, indicating overbought conditions. The stock is trading above its 30-day MA of 107.91 and 50-day MA of 109.51, suggesting bullish sentiment. However, the high RSI signals potential for a pullback.
Directional Bias: Given the current price is near the 60-day high of 117.09, a correction could occur. However, the overall trend remains bullish as long as prices stay above the moving averages.
Trade Plan:
- Suggested Entry:
$114.50
- Stop Loss:
$111.00 (below the 30-day MA)
- Take Profit Targets:
1.
$116.00 (1.31% gain)
2.
$118.00 (3.54% gain)
3.
$134.00 (17% gain)
This plan allows for a strategic approach to capitalize on potential upward movement while managing risk effectively.
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