Dec. 12 at 12:27 AM
$TMDX: Current market conditions show a last close at
$127.36, with an RSI of 53.52 indicating neutral momentum. The stock is trading below its 30-day moving average (MA30) of
$130.38, suggesting a potential upward correction. The 50-day moving average (MA50) at
$125.90 provides a support level, reinforcing a bullish bias given the price is above this level. The 60-day high of
$156.00 presents a significant upside potential.
Action Plan:
- Suggested Entry:
$128.00
- Stop Loss:
$124.00 (3.15% risk)
- Take Profit Targets:
1.
$135.00 (5.47% ROI)
2.
$145.00 (13.07% ROI)
3.
$150.00 (17.73% ROI)
This trade plan leverages the current neutral RSI, proximity to MA50, and the high-low range to target a significant return while maintaining a reasonable risk. Monitor for price action around the entry point for confirmation.
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