Nov. 14 at 3:47 AM
$TEM: The current market context shows a last close of
$67.94, significantly below the 30-day moving average (MA30) of
$86.65 and the 50-day moving average (MA50) of
$85.38, indicating a bearish trend. The RSI at 22.05 suggests that the stock is oversold, which may indicate a potential reversal or corrective bounce. The 60-day high of
$104.32 and low of
$66.28 further highlight the volatility and range in which the stock is trading.
Directional bias leans towards a potential short-term recovery given the oversold RSI, but caution is warranted due to the prevailing downtrend indicated by the moving averages.
Suggested entry:
$68.50, with a stop loss at
$66.00 to limit risk. Target 1 at
$75.00 and Target 2 at
$80.00 to capitalize on a possible bounce.
Monitor for confirmation of upward momentum before entering the trade.
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