Dec. 8 at 10:37 PM
Actionable Trade Alert for
$DLR:
Market Context:
$DLR is currently trading at
$162.92, showing a strong position within its recent range. The RSI at 60.67 indicates bullish momentum, suggesting potential for upward movement.
Directional Bias: The price is below the 30-day MA of
$163.72 and the 50-day MA of
$167.66, indicating a potential reversal opportunity as it approaches these moving averages. The 60-day high of
$182.48 provides a significant upside target, while the low of
$154.83 gives a clear support level.
Trade Plan:
- Suggested Entry:
$163.00
- Stop Loss:
$158.00 (approx. 3% risk)
- Take Profit Targets:
1. TP1:
$170.00 (4.3% gain)
2. TP2:
$175.00 (7.4% gain)
3. TP3:
$191.00 (17% gain)
This plan allows for a favorable risk-reward ratio while capitalizing on the bullish momentum indicated by the RSI.
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