Nov. 13 at 2:43 AM
$TFX is currently trading at
$112.26, significantly below its 30-day moving average (MA30) of
$124.49 and 50-day moving average (MA50) of
$124.96, indicating a bearish trend. The RSI of 21.47 suggests that the stock is oversold, which may lead to a potential reversal in the near term. However, the recent price action is constrained within a 60-day high of
$135.96 and a low of
$102.58, establishing a clear range.
For a trade plan, consider entering a long position near the lower end of this range, around
$102.58, with a stop loss set at
$100 to manage risk. Target 1 could be set at the MA30 of
$124.49, while Target 2 could be the 60-day high of
$135.96, allowing for a favorable risk-reward ratio.
In summary, the directional bias is cautiously bullish due to the oversold RSI, but the overall trend remains bearish.
https://privateprofiteers.com
