DJML

"DJML is currently in oversold territory with an RSI of 26.51, indicating potential for a bullish reversal. Despite the bearish market regime, the proximity to the support level at $53.90 suggests limited downside risk. The MACD is bearish, but the lack of a defined signal line and histogram suggests momentum may be stabilizing. Given the oversold RSI and proximity to support, a long position with a tight stop below support offers a favorable risk/reward setup, anticipating a bounce towards the resistance level. --- Trade Exited --- Reason: DJML is now trading at $70.85, closely approaching the resistance level at $72.26. RSI is bullish at 52.62, indicating potential but not overbought.. Indicators are mixed: RSI bullish, MACD neutral, SMA20 equals SMA50 suggesting sideways movement.. Current R/R at original targets is 2.25:1 but nearing resistance may cap further upside. Limited info on breaking news adds uncertainty.. Market transition from bull to bear suggests caution. Early entry may not align with emerging market regime.. ..."