Dec. 15 at 6:23 AM
$TLN Actionable Trade Alert:
Market Context: Currently,
$TLN is trading at
$356.36, showing a neutral RSI of 45.83, indicating no immediate overbought or oversold conditions. The stock is below both the 30-day MA (375.75) and the 50-day MA (390.44), suggesting a bearish short-term trend but potential for recovery.
Directional Bias: Given the proximity to the 60D low of
$343.4 and the current price, there is a potential for a rebound towards the 60D high of
$451.28. The ATR of 16.32 indicates reasonable volatility for potential gains.
Trade Plan:
- Suggested Entry:
$360.00 (slightly above current price to confirm upward momentum)
- Stop Loss:
$343.00 (below 60D low for risk management)
- Take Profit Targets:
1. TP1:
$375.00 (5% gain)
2. TP2:
$400.00 (11% gain)
3. TP3:
$418.00 (17% gain)
This plan allows for a structured approach to capitalize on potential upward movement while managing risk effectively.
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