Dec. 11 at 11:48 PM
$DY Trade Alert:
Market Context: The stock closed at
$363.59, near its 60D high of
$364.4, indicating strong bullish momentum. The RSI of 74.96 suggests overbought conditions, which could lead to a price correction.
Directional Bias: Despite the overbought RSI, the stock's position above the 30-day (MA30=320.18) and 50-day (MA50=307.99) moving averages indicates a strong upward trend. The high-low range of
$260.1 to
$364.4 provides a solid framework for potential profit-taking.
Suggested Entry: Consider entering at
$363.00.
Stop Loss: Set a stop loss at
$351.91 (approximately 3% below entry).
Take Profit Targets:
1. Target 1:
$375.00 (3.6% gain)
2. Target 2:
$400.00 (10.0% gain)
3. Target 3:
$425.00 (17% gain)
This plan leverages the current momentum while managing risk effectively. Monitor the RSI closely for signs of reversal.
For more insights, visit https://privateprofiteers.com.
https://privateprofiteers.com
