Nov. 13 at 2:33 AM
$TMHC is currently trading at
$60.48, with an RSI of 49.32 indicating a neutral momentum. The price is below both the 30-day moving average (MA30) of
$61.55 and the 50-day moving average (MA50) of
$64.25, suggesting bearish sentiment in the short to medium term. The recent high of
$72.5 and low of
$57.68 over the past 60 days indicates a range-bound market, with potential resistance around
$61.55 and support near
$57.68.
For a trade plan, consider entering a short position at
$60.00, with a stop loss at
$61.00 to limit potential losses. Target the lower end of the range at
$58.00 for the first target, and consider a second target at
$57.68, aligning with the recent low. This strategy leverages the bearish bias indicated by the moving averages and the current price position within the high-low range.
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