Dec. 15 at 5:44 AM
Actionable Trade Alert for
$DUK:
Market Context:
$DUK is currently showing bearish momentum with a close at
$115.3 and an RSI of 23.52, indicating oversold conditions. The stock is below both the 30-day (MA30=121.19) and 50-day (MA50=123.36) moving averages, reinforcing the downward trend.
Directional Bias: Given the RSI reading and the proximity to the 60-day low of
$113.9, there may be a potential for a short-term rebound. However, caution is advised due to the overall bearish trend.
Trade Plan:
- Suggested Entry:
$115.3
- Stop Loss:
$113.5 (below the 60D low)
- Take Profit Targets:
1. Target 1:
$118.0 (2.3% gain)
2. Target 2:
$121.0 (5.5% gain)
3. Target 3:
$135.0 (17.1% gain)
This plan aims for a minimum of 17% ROI on the third target while managing risk effectively. Monitor price action closely and adjust as necessary.
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