Dec. 17 at 2:20 AM
Actionable Trade Alert for
$TFC:
Market Context:
$TFC is currently trading at
$49.58, close to its 60-day high of
$50.43, indicating strong upward momentum. The RSI at 88.34 suggests that the stock is overbought, which may lead to a pullback. However, the moving averages (MA30 at 46.33 and MA50 at 45.28) indicate a bullish trend, supporting potential upward movement.
Directional Bias: While the high RSI indicates overbought conditions, the strong support from moving averages suggests a continuation of the bullish trend in the short term.
Trade Plan:
- Suggested Entry:
$49.60
- Stop Loss:
$47.50 (approximately 4.23% below entry)
- Take Profit Targets:
- Target 1:
$51.00 (2.83% gain)
- Target 2:
$52.00 (4.77% gain)
- Target 3:
$58.00 (16.83% gain)
This plan offers a potential ROI of over 17% on Target 3, aligning with our trading strategy.
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