Dec. 6 at 2:21 AM
Actionable Trade Alert for
$DOC:
Market Context:
$DOC is currently trading at
$17.18, showing a neutral RSI at 44.21, indicating no immediate overbought or oversold conditions. The price is hovering near the 60D low of
$17.15, suggesting potential for upward movement. The MA30 at
$17.83 and MA50 at
$18.19 indicate a bearish short-term trend, but the proximity to the low could provide a bounce opportunity.
Directional Bias: Given the current RSI and proximity to the low, there is a potential for a reversal towards the MA30 and MA50.
Trade Plan:
- Suggested Entry:
$17.20
- Stop Loss:
$16.80 (2.33% below entry)
- Take Profit Targets:
1.
$17.80 (3.48% gain)
2.
$18.50 (7.63% gain)
3.
$20.10 (16.95% gain)
With a stop loss at
$16.80, the potential for over 17% ROI is achievable at the third target. Monitor closely for price action around the entry point.
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