Dec. 25 at 3:48 PM
$TOWN: The last close is
$34.02, with an RSI of 47.1, indicating a neutral momentum. The price is currently at the 30-day moving average (MA30) of
$34.02, suggesting a potential support level. The 50-day moving average (MA50) is slightly lower at
$33.64, providing additional support. The 60-day high of
$36.15 presents a resistance level, while the low of
$31.91 shows a range for potential price movement.
Trade Plan:
- Suggested Entry:
$34.02 (current price)
- Stop Loss:
$32.90 (3.3% below entry)
- Take Profit Targets:
1.
$35.00 (2.9% gain)
2.
$36.00 (5.8% gain)
3.
$39.90 (17.1% gain)
Directional Bias: The neutral RSI and price at MA30 suggest a potential upward movement. A break above
$35.00 could confirm bullish momentum, targeting
$39.90 for a significant ROI.
Monitor the trade closely for price action around support and resistance levels.
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