Dec. 17 at 2:40 AM
Actionable Trade Alert for
$TPL:
Market Context:
$TPL is currently trading at
$821.12, showing a bearish sentiment with an RSI of 37.61, indicating potential oversold conditions. The price is below the 30-day (MA30) and 50-day (MA50) moving averages, suggesting downward momentum. The 60-day high of
$1048.88 and low of
$807.7 creates a range that we can leverage for potential gains.
Directional Bias: Given the current RSI and proximity to the 60D low, there is a potential for a reversal or bounce back towards the moving averages.
Trade Plan:
- Suggested Entry:
$825 (slightly above last close)
- Stop Loss:
$807 (below the 60D low)
- Take Profit Targets:
1.
$860 (4.23% gain)
2.
$900 (9.59% gain)
3.
$960 (16.87% gain)
This plan offers a minimum of 16.87% ROI on the third target, aligning with the market's potential for recovery.
For more insights, visit https://privateprofiteers.com.
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