Dec. 10 at 3:07 AM
Actionable Trade Alert for
$DOV:
Market Context:
$DOV is currently trading at
$190.08, showing strength but with an RSI of 75.91, indicating it is overbought. The 60D high stands at
$192.6, suggesting potential resistance, while the 60D low of
$158.97 provides a solid support level.
Directional Bias: The price is above both the 30-day MA (183.31) and the 50-day MA (177.01), indicating a bullish trend. However, the high RSI suggests caution as a pullback could occur.
Trade Plan:
- Suggested Entry:
$190.08
- Stop Loss:
$186.90 (below the 30-day MA)
- Take Profit Targets:
1.
$192.00 (Target 1: 1% ROI)
2.
$195.00 (Target 2: 2.5% ROI)
3.
$223.00 (Target 3: 17.3% ROI)
This plan allows for a strategic entry while managing risk effectively. Monitor the price action closely around the targets.
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