Dec. 19 at 5:19 PM
Actionable Trade Alert for
$TCBI:
Market Context:
$TCBI is currently trading at
$92.86, showing bullish momentum with an RSI of 59.07, indicating room for upward movement before reaching overbought conditions. The price is above both the 30-day MA of
$90.09 and the 50-day MA of
$87.28, suggesting a strong bullish trend.
Directional Bias: The recent price action is supported by the 60-day high of
$98.07, which serves as a potential resistance level. The current price is significantly above the 60-day low of
$75.41, reinforcing the bullish sentiment.
Trade Plan:
- Suggested Entry:
$93.00
- Stop Loss:
$90.00 (risking
$3.00)
- Take Profit Targets:
1. Target 1:
$95.00 (2.15% ROI)
2. Target 2:
$97.00 (4.52% ROI)
3. Target 3:
$109.00 (17.34% ROI)
This plan provides a clear risk-reward structure, capitalizing on the bullish trend while managing downside risk effectively.
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