Nov. 13 at 1:36 AM
$DLTR is currently trading at
$106.9, above both the 30-day moving average (MA30) of
$97.12 and the 50-day moving average (MA50) of
$97.11, indicating a bullish trend. The RSI at 63.82 suggests that the stock is nearing overbought territory but is not yet excessively so, allowing for potential upward movement. The recent high of
$115.74 offers a target, while the low of
$84.71 establishes a strong support level.
Trade Plan:
- Directional Bias: Bullish
- Suggested Entry:
$107.50 (to confirm upward momentum)
- Stop Loss:
$104.50 (below recent support)
- Target 1:
$112.00 (near recent high)
- Target 2:
$115.00 (psychological level)
This plan leverages the current price strength and the upward trend indicated by the moving averages. Monitor RSI for signs of reversal as price approaches targets.
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