Dec. 6 at 1:57 AM
Actionable Trade Alert for
$TDY:
Market Context:
$TDY is currently trading at
$518.0, showing a strong position within its 60-day high-low range. The RSI at 57.6 indicates bullish momentum, suggesting potential for upward movement. The price is above the 30-day moving average (MA30) of 509.34, which supports a bullish outlook, while it remains below the 50-day moving average (MA50) of 535.31, indicating resistance ahead.
Directional Bias: With the RSI trending positively and the price above MA30, we favor a bullish stance. The recent price action suggests a potential breakout towards the 60-day high.
Trade Plan:
- Suggested Entry:
$520.0
- Stop Loss:
$500.0 (3.85% risk)
- Take Profit Targets:
1.
$540.0 (3.85% gain)
2.
$560.0 (7.69% gain)
3.
$605.0 (16.77% gain)
This plan offers a potential ROI of over 17% at the third target, aligning with our bullish outlook.
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