Dec. 6 at 1:29 AM
Actionable Trade Alert for
$DUK:
Market Context:
$DUK is currently trading at
$117.97, showing bearish momentum with an RSI of 32.12, indicating it is oversold. The stock is below both the 30-day MA of 123.41 and the 50-day MA of 124.27, reinforcing a downward trend. However, the price is near the 60-day low of 117.84, suggesting potential support.
Directional Bias: Given the oversold RSI and proximity to the 60-day low, we anticipate a corrective bounce.
Trade Plan:
- Suggested Entry:
$118.00
- Stop Loss:
$115.00 (2.54% risk)
- Take Profit Targets:
1.
$122.00 (3.39% gain)
2.
$125.00 (5.10% gain)
3.
$138.00 (16.91% gain)
This plan offers a potential ROI of over 17% on the third target, capitalizing on a rebound while managing risk effectively.
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