Dec. 8 at 11:54 PM
Actionable Trade Alert for
$DLB:
Market Context:
$DLB is currently trading at
$66.8, showing a strong upward trend but nearing overbought conditions with an RSI of 64.82. The stock is above its 30-day moving average (MA30) of
$66.11, indicating bullish momentum, but below the 50-day moving average (MA50) of
$67.58, suggesting potential resistance.
Directional Bias: The recent high of
$73.01 provides a target for bullish sentiment, while the low of
$64.02 offers a support level. Given the current RSI and proximity to MA50, expect a short-term pullback before potential upward movement.
Trade Plan:
- Suggested Entry:
$66.80
- Stop Loss:
$65.00 (1.7% below entry)
- Take Profit Targets:
1.
$69.00 (3.3% gain)
2.
$71.00 (6.6% gain)
3.
$78.00 (17% gain)
This plan aligns with the bullish trend, allowing for a strategic entry with defined risk and reward.
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