Dec. 5 at 10:53 PM
$TMDX: Current market context shows a strong bullish sentiment with the last close at
$138.63. The RSI of 66.31 indicates that the stock is nearing overbought territory, suggesting a cautious approach. However, the price is above both the 30-day MA at
$130.03 and the 50-day MA at
$123.92, reinforcing a bullish trend.
Directional bias is positive as the stock is trading closer to the 60-day high of
$156.00, indicating potential upward momentum. The ATR of 8.82 suggests volatility, allowing for wider price movements.
Suggested trade plan:
- Entry:
$139.00
- Stop Loss:
$131.00 (approx. 5.8% risk)
- Take Profit Targets:
1.
$145.00 (approx. 4.3% gain)
2.
$150.00 (approx. 7.9% gain)
3.
$162.00 (approx. 16.8% gain)
This plan offers a potential ROI of over 17% on the third target, aligning with the bullish outlook.
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