Dec. 19 at 3:15 PM
Actionable Trade Alert for
$TMUS:
Market Context:
$TMUS is currently trading at
$200.27, with an RSI of 35.04 indicating it is in oversold territory. The stock is below its 30-day moving average (MA30) of 206.26 and 50-day moving average (MA50) of 211.89, suggesting bearish momentum. However, the stock is near its 60-day low of 194.01, creating a potential reversal opportunity.
Directional Bias: Given the oversold RSI and proximity to the 60-day low, a bullish reversal is likely. The stock has room to recover towards its moving averages.
Suggested Trade Plan:
- Entry:
$200.27
- Stop Loss:
$194.00 (below the 60D low)
- Take Profit Targets:
1.
$210.00 (5% gain)
2.
$220.00 (9.8% gain)
3.
$235.00 (17.3% gain)
This plan offers a favorable risk-reward ratio with a potential ROI of over 17% on the third target. Monitor closely for price action near the targets.
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