Dec. 6 at 3:03 AM
Actionable Trade Alert for
$THO:
Market Context:
$THO is currently trading at
$102.03, showing a stable RSI of 53.11, indicating neutral momentum. The stock is positioned between its 60D high of
$117.09 and low of
$94.5, suggesting potential for upward movement.
Directional Bias: The price is below both the 30-day MA (103.28) and the 50-day MA (103.91), indicating a slight bearish trend. However, the RSI suggests that the stock is not oversold, providing an opportunity for a rebound.
Trade Plan:
- Suggested Entry:
$102.50
- Stop Loss:
$98.00 (approximately 4.9% below entry)
- Take Profit Targets:
1. Target 1:
$108.00 (5.5% gain)
2. Target 2:
$113.00 (10.3% gain)
3. Target 3:
$120.00 (17.3% gain)
With the potential to achieve over 17% ROI on the third target, this trade offers a favorable risk-reward ratio. Monitor closely for price action and adjust as needed.
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