Dec. 11 at 11:09 PM
Actionable Trade Alert for
$TOST:
Market Context:
$TOST is currently trading at
$35.49, with a strong RSI of 69.14 indicating potential overbought conditions. However, the price is above the 30-day moving average (MA30) of
$35.26, suggesting bullish momentum. The stock is also approaching its 60-day high of
$42.15, indicating room for upward movement.
Directional Bias: The bullish bias is supported by the price being above both the MA30 and MA50 (currently at
$36.05). The recent high-low range of
$32.15 to
$42.15 suggests a potential breakout if momentum continues.
Trade Plan:
- Suggested Entry:
$35.50
- Stop Loss:
$33.50 (risking
$2.00)
- Take Profit Targets:
1.
$38.00 (17% ROI)
2.
$40.00 (28% ROI)
3.
$41.50 (36% ROI)
Monitor the RSI for signs of reversal and adjust targets as necessary. Ensure to manage risk according to your trading strategy.
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