Dec. 10 at 2:33 AM
Actionable Trade Alert for
$TMO:
Market Context:
$TMO is currently trading at
$562.95, showing a neutral RSI at 40.11, indicating potential for upward movement as it is not in overbought territory. The price is below both the 30-day MA of
$575.19 and the 50-day MA of
$560.99, suggesting a bearish short-term trend but possible reversal.
Directional Bias: With the 60-day high at
$602.32 and the low at
$456.67, the current price is closer to the midpoint, indicating a potential bounce back. The ATR of 12.0 suggests moderate volatility, allowing for reasonable price movement.
Trade Plan:
- Suggested Entry:
$565.00 (slightly above the last close)
- Stop Loss:
$550.00 (to limit downside risk)
- Take Profit Targets:
1.
$580.00 (3% gain)
2.
$590.00 (4.5% gain)
3.
$660.00 (17% gain)
This plan provides a clear strategy to capitalize on potential upward momentum while managing risk effectively.
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