Nov. 13 at 12:59 AM
$TJX: The current market context shows a last close at
$145.97, with an RSI of 59.27, indicating a bullish momentum but approaching overbought territory. The 30-day moving average (MA30) at
$142.8 and 50-day moving average (MA50) at
$141.94 support a positive trend, suggesting strength above these averages. The 60-day high of
$147.59 presents a resistance level, while the low of
$133.34 indicates a solid support base.
Directional bias is bullish, as the price is above both MAs and near the recent high. Suggested entry is at
$146.05, slightly above the last close to confirm upward momentum. Set a stop loss at
$144.50 to manage risk. Target 1 is
$148.00, just above the 60D high, while Target 2 is
$150.00, allowing for further upside potential.
Monitor market conditions closely for any shifts in momentum.
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