Dec. 6 at 2:32 AM
Actionable Trade Alert for
$DRS:
Market Context:
$DRS is currently trading at
$34.31, showing a neutral RSI of 47.99, indicating indecision in the market. The stock is below both the 30-day MA (35.55) and the 50-day MA (38.51), suggesting a bearish trend in the short to medium term. However, the price is above the 60-day low of
$32.82, providing a support level.
Directional Bias: Given the current price relative to the MAs and RSI, we maintain a cautious bullish bias, anticipating a potential rebound towards the 60-day high of
$45.7.
Trade Plan:
- Suggested Entry:
$34.31
- Stop Loss:
$32.50 (below 60-day low for protection)
- Take Profit Targets:
1. Target 1:
$37.00 (7.85% ROI)
2. Target 2:
$40.00 (16.88% ROI)
3. Target 3:
$40.50 (17.38% ROI)
This plan allows for a structured approach with clear exit points while managing risk effectively.
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