Dec. 10 at 2:49 AM
Actionable Trade Alert for
$DLR:
Market Context:
$DLR is currently trading at
$162.75, with a 60-day high of
$182.48 and a low of
$154.83. The RSI at 56.89 indicates a neutral to slightly bullish sentiment, suggesting potential upward momentum. The price is below the 30-day moving average (MA30) of
$163.23 and significantly below the 50-day moving average (MA50) of
$167.53, indicating potential for a rebound.
Directional Bias: Given the current RSI and proximity to MA30, there is a bullish bias for a short-term recovery towards higher levels.
Trade Plan:
- Suggested Entry:
$163.00
- Stop Loss:
$158.00 (approximately 3% below entry)
- Take Profit Targets:
1. TP1:
$168.00 (3.07% ROI)
2. TP2:
$175.00 (7.36% ROI)
3. TP3:
$191.00 (17.00% ROI)
This plan provides a clear risk-reward ratio with potential for significant returns. Monitor closely for price action around targets.
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