Nov. 14 at 5:01 AM
$TENB is currently trading at
$27.05, below both the 30-day moving average (MA30) of
$29.04 and the 50-day moving average (MA50) of
$29.43, indicating bearish momentum. The RSI at 21.84 suggests the stock is oversold, which may indicate a potential reversal or bounce. The recent 60-day high is at
$31.5, while the low is at
$26.98, providing a narrow range for potential price movement.
Given the current metrics, a trade plan could involve entering a long position at
$27.10, slightly above the last close to confirm upward momentum. A stop loss should be set at
$26.90 to limit potential losses. Target 1 could be set at
$28.50, aligning with the MA30, while Target 2 could be at
$29.00, approaching the MA50. This plan capitalizes on a potential short-term rebound while managing risk effectively.
https://privateprofiteers.com
