Dec. 11 at 11:10 PM
Actionable Trade Alert for
$TPG:
Market Context:
$TPG is currently trading at
$68.74, exhibiting strong upward momentum with an RSI of 92.23, indicating overbought conditions. However, the price is near its 60D high of
$69.2, suggesting potential resistance.
Directional Bias: The RSI indicates overbought conditions, which may lead to a pullback. However, the strong price action above the 30-day (57.94) and 50-day (57.45) moving averages suggests bullish sentiment remains intact.
Trade Plan:
- Suggested Entry:
$68.50 (slightly below current price to capture potential pullback)
- Stop Loss:
$66.50 (to limit downside risk)
- Take Profit Targets:
1.
$70.00 (3.7% gain)
2.
$72.00 (4.6% gain)
3.
$80.50 (17.2% gain)
This trade plan allows for a strategic entry while managing risk effectively, targeting substantial returns. Monitor the price action closely around the 60D high for potential reversal signals.
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