Nov. 13 at 3:20 AM
$TPH: The last close at
$32.19 indicates a position near the lower end of the 60-day range (
$30.68 -
$37.52). With an RSI of 43.18, the stock is approaching oversold territory, suggesting potential for upward movement. The current price is below both the 30-day MA of
$32.33 and the 50-day MA of
$33.35, indicating bearish short-term momentum. However, the proximity to the 60-day low could provide a bounce opportunity.
Suggested entry:
$32.00, just below the last close to capture potential upward movement. Stop loss:
$30.50, below the 60-day low to manage risk.
Targets: First target at
$33.00, aligning with the 30-day MA, and a second target at
$34.00, near the 50-day MA. This plan takes advantage of the potential reversal while managing risk effectively.
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