Dec. 12 at 12:01 AM
Actionable Trade Alert for
$THG
Market Context:
$THG is currently trading at
$184.97, showing a bullish trend supported by an RSI of 60.39, indicating upward momentum without being overbought. The stock is above its 30-day MA of
$180.03 and 50-day MA of
$178.49, reinforcing a positive sentiment.
Directional Bias: The recent high of
$188.18 suggests potential for further upside, while the low of
$166.8 provides a solid support base. Given the current price action and indicators, we maintain a bullish outlook.
Trade Plan:
- Suggested Entry:
$185.50 (slightly above the last close to confirm momentum)
- Stop Loss:
$181.00 (to limit risk)
- Take Profit Targets:
1. TP1:
$188.00 (1.5% gain)
2. TP2:
$190.00 (2.7% gain)
3. TP3:
$217.00 (17% gain)
This plan offers a favorable risk-reward ratio, capitalizing on the bullish trend while managing risk effectively.
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