Dec. 11 at 11:24 PM
Actionable Trade Alert for
$DPZ:
Market Context:
$DPZ is currently trading at
$429.65, showing bullish momentum but is nearing overbought territory with an RSI of 70.59. The stock is above both the 30-day MA of
$411.34 and the 50-day MA of
$413.49, indicating strong upward momentum. The 60-day high of
$441.64 presents a key resistance level.
Directional Bias: The bullish trend is supported by the price being well above the moving averages, but caution is warranted due to the high RSI, suggesting potential for a pullback.
Trade Plan:
- Suggested Entry:
$429.65
- Stop Loss:
$410.00 (approximately 4.5% below entry)
- Take Profit Targets:
1.
$440.00 (Target 1, approx. 2.5% ROI)
2.
$450.00 (Target 2, approx. 4.7% ROI)
3.
$503.00 (Target 3, approx. 17% ROI)
This plan provides a solid risk-reward ratio with a clear exit strategy. Monitor for any signs of reversal near the targets.
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