$DIA is trading at 1.12, up 45% from its recent low of 0.75.
Analysis:
The significant increase suggests strong buying pressure. $DIA's current price near 1.12 indicates a potential continuation of the uptrend.
Risks:
1. Profit-taking: Investors may sell to realize gains.
2. Trend consolidation: Price may stabilize before further advancement.
Bullish Scenario:
1. Buy above 1.12, targeting 1.20 and 1.26.
2. Stop-loss below 1.00.
Risk Management:
1. Position size: 2-5% of portfolio.
2. Risk-reward ratio: 1:2 or 1:3.
Important Levels:
- Support: 1.00, 0.90, 0.75
- Resistance: 1.20, 1.26, 1.40
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