Dec. 10 at 4:46 AM
Actionable Trade Alert for
$TGNA:
Market Context:
$TGNA is currently trading at
$19.55, within a range defined by a 60D high of
$21.13 and a low of
$18.83. The stock's RSI at 43.08 indicates it is approaching oversold conditions, suggesting a potential rebound.
Directional Bias: The stock is below its 30-day moving average (MA30) of
$19.7 and 50-day moving average (MA50) of
$19.85, indicating bearish momentum. However, the proximity to the 60D low and the RSI suggests a possible reversal.
Trade Plan:
- Suggested Entry:
$19.55
- Stop Loss:
$18.83 (just below the 60D low)
- Take Profit Targets:
1.
$20.00 (2.3% gain)
2.
$20.50 (4.8% gain)
3.
$22.00 (12.5% gain, 17% ROI from entry)
This plan provides a clear risk-reward ratio, capitalizing on potential upward movement while managing downside risk effectively.
For more insights, visit https://privateprofiteers.com.
https://privateprofiteers.com
