Dec. 6 at 3:46 AM
$TOWN: The last close at
$34.25 indicates a bullish sentiment, supported by an RSI of 61.55, suggesting upward momentum but approaching overbought territory. The price is above both the 30-day MA of
$33.08 and the 50-day MA of
$33.43, reinforcing a positive directional bias. The recent 60-day high of
$36.4 provides a key resistance level to watch.
Action Plan:
- Suggested Entry:
$34.25
- Stop Loss:
$32.50 (1.5 ATR below current price, ensuring risk management)
- Take Profit Targets:
- Target 1:
$35.00 (approx. 2.2% gain)
- Target 2:
$36.00 (approx. 5.2% gain)
- Target 3:
$40.00 (approx. 16.5% gain)
This trade plan aims for a minimum ROI of 17% on Target 3, leveraging the recent high and bullish indicators. Monitor price action closely, especially around the 60D high.
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