Dec. 17 at 2:59 AM
Actionable Trade Alert for
$TOL:
Market Context:
$TOL closed at
$138.67, indicating strong bullish momentum as it approaches the 60D high of
$145.01. The RSI at 62.14 suggests that the stock is nearing overbought territory, but there is still room for upward movement before a potential pullback. The MA30 (134.99) and MA50 (134.83) are both below the current price, confirming a bullish trend.
Directional Bias: With the price above the moving averages and the recent high being close, the bias remains bullish. The ATR of 4.37 indicates moderate volatility, allowing for reasonable price movement.
Trade Plan:
- Suggested Entry:
$138.67
- Stop Loss:
$134.00 (approximately 3.9% below entry)
- Take Profit Targets:
1.
$142.00 (Target 1: 2.4% ROI)
2.
$145.00 (Target 2: 4.9% ROI)
3.
$162.00 (Target 3: 17% ROI)
This plan aims for a significant upside while managing risk effectively. Monitor the trade closely for any changes in momentum.
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