Nov. 13 at 3:11 AM
$TARS: The last close at
$75.64 indicates a strong position within the recent trading range, with the 60D high at
$76.81 and the low at
$48.2. The RSI of 66.82 suggests that the stock is approaching overbought territory, indicating potential for a pullback. However, the price is above both the 30-day MA of 69.04 and the 50-day MA of 63.39, which supports a bullish bias in the short term.
Trade Plan:
- Directional Bias: Bullish, but cautious due to high RSI.
- Suggested Entry:
$75.00 (anticipating a slight pullback).
- Stop:
$72.50 (below recent support).
- Target 1:
$78.00 (near the 60D high).
- Target 2:
$80.00 (psychological level).
Monitor RSI for signs of reversal and adjust targets accordingly.
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