Dec. 25 at 1:38 PM
Actionable Trade Alert for
$DLR:
Market Context:
$DLR is currently trading at
$155.19, showing bearish momentum as indicated by an RSI of 39.5, suggesting it is nearing oversold conditions. The stock is below its 30-day (MA30) and 50-day (MA50) moving averages, which are at
$157.2 and
$163.05 respectively, indicating a downward trend. The 60-day high is
$182.48 and the low is
$146.23, providing a clear range for potential movement.
Directional Bias: Given the RSI and the position relative to the MAs, there is potential for a reversal or a bounce back towards the MA30.
Trade Plan:
- Suggested Entry:
$155.50 (slightly above the last close)
- Stop Loss:
$146.00 (below the 60D low)
- Take Profit Targets:
1.
$160.00 (3% gain)
2.
$165.00 (6.3% gain)
3.
$182.00 (17.3% gain)
This trade plan allows for a solid risk-to-reward ratio with the potential for over 17% ROI on the third target.
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