Dec. 11 at 11:23 PM
$DT: Current market context indicates a strong upward momentum, as evidenced by the RSI at 76.21, suggesting overbought conditions. The last close at
$45.71 is below both the 30-day MA of
$45.95 and the 50-day MA of
$47.21, indicating potential resistance ahead. The 60-day high of
$51.22 provides a target for bullish sentiment, while the low of
$42.72 offers a support level.
Directional bias leans bullish, but caution is warranted due to the high RSI. Suggested entry is at
$45.50, with a stop loss set at
$44.00 to manage risk.
Take Profit Targets:
1. TP1 at
$47.50 (4.4% gain)
2. TP2 at
$49.00 (7.3% gain)
3. TP3 at
$53.50 (17.1% gain)
This trade plan allows for a strategic approach to capitalize on potential upward movement while managing downside risk effectively.
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