Dec. 9 at 12:33 AM
$TPC: Current market context indicates a strong bullish trend with the last close at
$68.72 and an RSI of 78.79, suggesting overbought conditions. However, the price is still below the 60D high of
$77.0, indicating potential for upward movement. The MA30 at
$65.08 and MA50 at
$64.68 support a bullish bias, as the price is above these moving averages.
Actionable Trade Plan:
- Suggested Entry:
$69.00 (slightly above last close to confirm momentum)
- Stop Loss:
$66.00 (below recent support)
- Take Profit Targets:
1. TP1:
$73.00 (10% gain)
2. TP2:
$75.00 (over 12% gain)
3. TP3:
$80.00 (16.5% gain)
With a target of
$80.00, this trade offers a potential ROI of over 16%. Monitor the RSI for signs of reversal as we approach targets.
Stay disciplined and execute the plan.
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