Nov. 14 at 3:06 AM
$TFC: The last close at
$45.33 indicates a position above the 30-day moving average (MA30) of
$44.11 and the 50-day moving average (MA50) of
$44.70, suggesting a bullish trend. The RSI at 61.18 indicates momentum is strong but not overbought, allowing for potential upward movement. The recent 60-day high of
$47.46 provides a target for price action, while the low of
$40.78 establishes a solid support level.
Directional bias is bullish due to the price being above key moving averages and the RSI indicating strength.
Suggested entry:
$45.50 (slightly above last close to confirm upward momentum).
Stop:
$44.50 (below recent support).
Targets:
$47.00 (first target near 60D high) and
$48.00 (second target for extended gains).
Monitor for any changes in momentum or volatility, as indicated by the ATR of 0.85.
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