Dec. 11 at 11:27 PM
$TEM Actionable Trade Alert:
Market Context:
$TEM is currently trading at
$73.04, showing relative strength with an RSI of 65.79, indicating bullish momentum but nearing overbought territory. The stock is below its 30-day moving average (MA30) of
$74.98 and significantly below its 50-day moving average (MA50) of
$81.61, suggesting potential for upward correction.
Directional Bias: The recent high of
$104.32 and low of
$64.20 over the past 60 days indicates a range-bound environment. The current price is closer to the lower end, providing an opportunity for a rebound.
Trade Plan:
- Suggested Entry:
$73.50
- Stop Loss:
$70.00 (3.42% below entry)
- Take Profit Targets:
1.
$80.00 (8.88% ROI)
2.
$85.00 (15.75% ROI)
3.
$86.00 (17.24% ROI)
This plan leverages the potential for a rebound while managing risk effectively. Monitor RSI and price action closely for adjustments.
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