Dec. 6 at 1:53 AM
Actionable Trade Alert for
$DTE
Market Context: Currently,
$DTE is trading at
$132.16, near the lower end of its 60-day range (low of
$129.69). The RSI at 29.83 indicates oversold conditions, suggesting a potential reversal.
Directional Bias: The bearish sentiment may be waning due to the low RSI. However, the 30-day (136.69) and 50-day (138.43) moving averages are above the current price, indicating resistance levels. A bounce back towards these averages is plausible.
Trade Plan:
- Suggested Entry:
$132.50
- Stop Loss:
$129.00 (below the 60D low)
- Take Profit Targets:
- TP1:
$136.00 (Target 1, approx. 26% ROI)
- TP2:
$138.00 (Target 2, approx. 33% ROI)
- TP3:
$140.00 (Target 3, approx. 47% ROI)
Monitor the price action closely, especially around the moving averages, for potential adjustments.
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