Nov. 13 at 1:12 AM
$DLR is currently trading at
$168.6, below both the 30-day MA of
$172.39 and the 50-day MA of
$171.54, indicating a bearish trend. The RSI at 44.5 suggests that the stock is neither overbought nor oversold, but it is closer to the oversold territory, which could indicate potential for a reversal. The recent price action is within the 60-day high of
$182.48 and low of
$159.22, suggesting a range-bound market.
For a trade plan, consider entering a long position if the price breaks above the 30-day MA at
$172.39, with a suggested entry at
$172.50. Set a stop-loss at
$166.00 to manage risk. Target 1 can be set at the 60-day high of
$182.48, while Target 2 can be placed at
$175.00, just below the 50-day MA. This strategy aligns with the potential for a reversal while managing risk effectively.
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