Nov. 14 at 3:21 AM
$DTE is currently trading at
$137.72, below the 30-day moving average (MA30) of
$139.61 and the 50-day moving average (MA50) of
$138.64, indicating a bearish trend. The RSI at 38.43 suggests that the stock is approaching oversold territory, which may indicate a potential reversal or bounce. The recent 60-day high of
$143.79 and low of
$132.4 further define the trading range, with the current price closer to the low.
Trade Plan:
- Directional Bias: Bearish, but watch for a potential reversal due to low RSI.
- Suggested Entry: Consider entering a long position around
$136.50 if a reversal signal appears.
- Stop Loss: Set at
$132.00 to limit downside risk.
- Target 1:
$140.00 (near MA30).
- Target 2:
$142.00 (near recent high).
Monitor for confirmation of reversal signals before entering.
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