Dec. 11 at 11:32 PM
Actionable Trade Alert for
$DTM:
Market Context:
$DTM is currently trading at
$118.91, showing a strong upward momentum as indicated by an RSI of 57.72, suggesting bullish sentiment. The price is above both the 30-day MA (116.09) and the 50-day MA (113.65), indicating a positive trend. The recent 60-day high of
$122.7 provides a potential target for upward movement.
Directional Bias: Given the current RSI and the position relative to moving averages, there is a bullish bias. The price is also well above the 60-day low of
$104.99, reinforcing the potential for further gains.
Trade Plan:
- Suggested Entry:
$119.00
- Stop Loss:
$115.00 (3.36% below entry)
- Take Profit Targets:
1.
$122.00 (2.5% gain)
2.
$124.50 (4.5% gain)
3.
$139.00 (16.88% gain)
This trade plan offers a potential ROI of 16.88% on the third target while maintaining a reasonable risk-reward ratio.
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