Dec. 19 at 3:55 PM
Actionable Trade Alert for
$TOST:
Market Context:
$TOST is currently trading at
$36.62, showing bullish momentum with an RSI of 65.06, indicating potential overbought conditions but still room for upward movement. The price is above both the 30-day MA (35.15) and the 50-day MA (35.93), supporting a bullish directional bias.
Directional Bias: The recent price action suggests a bullish trend, especially as it approaches the 60-day high of
$39.72. The distance from the 60-day low of
$32.15 further supports potential upside.
Trade Plan:
- Suggested Entry:
$36.70
- Stop Loss:
$34.50 (approximately 6% below entry)
- Take Profit Targets:
1.
$38.00 (3.5% gain)
2.
$39.00 (6.5% gain)
3.
$42.00 (14.5% gain, 17% ROI)
Monitor the trade closely, as the ATR of 1.26 indicates volatility. Adjust stop loss to secure profits as targets are hit.
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