Dec. 11 at 10:37 PM
Actionable Trade Alert for
$DUK:
Market Context:
$DUK is currently trading at
$114.82, with a significant oversold RSI of 22.31, indicating potential for a bullish reversal. The stock is below its 30-day moving average (MA30) of 121.53 and 50-day moving average (MA50) of 123.5, suggesting a bearish trend, but the extreme RSI indicates a possible bounce.
Directional Bias: Given the low RSI and proximity to the 60-day low of 113.9, there is a strong likelihood of a rebound towards the 60-day high of 130.03.
Trade Plan:
- Suggested Entry:
$115.00
- Stop Loss:
$112.00 (risking
$3.00)
- Take Profit Targets:
1. TP1:
$120.00 (5% gain)
2. TP2:
$125.00 (8.7% gain)
3. TP3:
$135.00 (17.6% gain)
With this setup, the potential ROI on TP3 is over 17%, making it an attractive trade.
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