Dec. 17 at 2:42 AM
Actionable Trade Alert for
$DLTR:
Market Context:
$DLTR is currently experiencing strong bullish momentum, as indicated by the RSI of 86.53, suggesting overbought conditions. However, the stock is trading near its 60D high of
$132.48, which may present a resistance level.
Directional Bias: Given the RSI and the proximity to the 60D high, we anticipate a potential pullback or consolidation before further upward movement. The MA30 (110.99) and MA50 (105.14) indicate a solid support base below the current price.
Trade Plan:
- Suggested Entry:
$131.15 (last close)
- Stop Loss:
$127.45 (below recent support)
- Take Profit Targets:
- Target 1:
$135.00 (2.2% gain)
- Target 2:
$138.00 (5.2% gain)
- Target 3:
$153.00 (16.7% gain)
With a focus on the potential for a significant return, we recommend monitoring price action closely, especially around the resistance level.
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