Nov. 22 at 2:35 AM
$DT is currently trading at
$43.57, significantly below its 30-day moving average (MA30) of
$47.91 and 50-day moving average (MA50) of
$48.19, indicating a bearish market context. The RSI at 22.99 suggests that the stock is oversold, potentially signaling a reversal or a short-term bounce. However, the proximity to the 60-day low of
$42.74 reinforces the downside risk.
Directional bias leans bearish due to the price being below key moving averages, but the low RSI may present a short-term buying opportunity.
Suggested entry:
$43.75, slightly above the last close to confirm upward momentum.
Stop loss:
$42.50, just below the recent low to limit potential losses.
Targets: First target at
$45.00, aligning with psychological resistance, and a second target at
$46.50, near the MA30.
Monitor for volume changes to validate entry.
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