Dec. 6 at 3:07 AM
Actionable Trade Alert for
$TFX:
Market Context:
$TFX closed at
$118.86, showing strength but nearing overbought territory with an RSI of 66.51. The current price is above the 30-day moving average (MA30) of
$116.64 but below the 50-day moving average (MA50) of
$119.98, indicating a potential resistance level at the MA50.
Directional Bias: The price is in a bullish trend, supported by the recent high of
$135.96. However, caution is advised as the RSI indicates potential overbought conditions.
Trade Plan:
- Suggested Entry:
$119.00
- Stop Loss:
$115.00 (3.36% risk)
- Take Profit Targets:
1. Target 1:
$125.00 (5.34% gain)
2. Target 2:
$130.00 (9.24% gain)
3. Target 3:
$139.00 (16.92% gain)
This plan offers a risk-reward ratio that aligns with a minimum ROI of 17% on the third target. Monitor the trade closely, especially around the MA50 resistance.
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