Dec. 19 at 5:29 PM
Actionable Trade Alert for
$TENB:
Market Context:
$TENB is currently trading at
$25.08, showing a bearish sentiment with an RSI of 32.78, indicating oversold conditions. The stock is below its 30-day MA of 26.39 and 50-day MA of 27.58, suggesting downward pressure. However, the price is near its 60-day low of 24.24, presenting a potential reversal opportunity.
Directional Bias: With the RSI indicating oversold conditions and the price close to the 60-day low, there is potential for a bullish reversal. A break above the 30-day MA could signal a change in trend.
Trade Plan:
- Suggested Entry:
$25.10 (slightly above last close)
- Stop Loss:
$24.00 (below recent support)
- Take Profit Targets:
1.
$26.00 (Target 1, 3.56% gain)
2.
$27.00 (Target 2, 7.37% gain)
3.
$29.00 (Target 3, 15.52% gain)
Target 3 offers a potential ROI of 15.52%, close to the desired 17%. Monitor for upward momentum.
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