Dec. 17 at 2:06 AM
Actionable Trade Alert for
$TJX:
Market Context:
$TJX is currently trading at
$155.47, showing a strong upward trend. The RSI at 71.21 indicates that the stock is overbought, suggesting a potential pullback. However, with the MA30 at
$149.18 and MA50 at
$146.48, the stock remains above these key moving averages, indicating bullish momentum.
Directional Bias: While the high RSI suggests caution, the proximity to the 60D high of
$157.82 indicates potential for further gains before a correction.
Trade Plan:
- Suggested Entry:
$155.50 (slightly above last close)
- Stop Loss:
$152.00 (approx. 2.5% below entry)
- Take Profit Targets:
- Target 1:
$158.00 (1% gain)
- Target 2:
$161.00 (3.2% gain)
- Target 3:
$182.00 (17% gain)
Rationale: The targets leverage the recent high and maintain a favorable risk-reward ratio, especially with the potential for a significant move towards Target 3.
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