Nov. 13 at 3:08 AM
$TPC: The last close at
$62.63 indicates a position below both the 30-day moving average (MA30) of
$65.03 and the 50-day moving average (MA50) of
$64.53, suggesting bearish market sentiment. The RSI at 46.19 indicates that the asset is neither overbought nor oversold, providing no strong momentum signal. The 60-day high of
$77.00 and low of
$53.83 define a range that
$TPC is currently trading closer to the low, indicating potential downside risk.
Directional Bias: Bearish, given the current price below key moving averages and the proximity to the recent low.
Suggested Entry: Consider entering a short position around
$62.50.
Stop: Set a stop-loss at
$65.50 to manage risk.
Targets: First target at
$58.00 (near the 60D low), second target at
$55.00.
Monitor market conditions closely as they can impact price movements.
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