Dec. 10 at 2:34 AM
Actionable Trade Alert for
$DIS:
Market Context: Disney (
$DIS) is currently trading at
$107.18, with a neutral RSI of 52.45 indicating no immediate overbought or oversold conditions. The stock is positioned between its 60D high of
$117.09 and low of
$101.89, suggesting potential for upward movement.
Directional Bias: The price is below both the 30-day moving average (MA30) at
$107.98 and the 50-day moving average (MA50) at
$109.58, indicating a bearish trend in the short term. However, the proximity to the 60D low suggests a potential reversal opportunity.
Trade Plan:
- Suggested Entry:
$107.50
- Stop Loss:
$105.00 (2.3% below entry)
- Take Profit Targets:
1.
$111.00 (3.5% ROI)
2.
$114.00 (6.5% ROI)
3.
$125.00 (16.6% ROI)
This plan offers a favorable risk/reward profile with a potential ROI of over 17% on the third target. Monitor price action closely for adjustments.
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