Nov. 14 at 3:15 AM
$TRGP is currently trading at
$169.71, showing a strong upward momentum as indicated by an RSI of 71.91, suggesting it is nearing overbought territory. The price is above both the 30-day MA of 158.36 and the 50-day MA of 161.56, indicating a bullish trend. However, the high of
$175.78 over the last 60 days presents a resistance level, while the low of
$144.14 indicates significant support.
Given the current metrics, the directional bias is bullish, but caution is warranted due to the high RSI. A suggested entry point would be around
$168.00 to capture potential upside while managing risk. A stop loss should be placed at
$164.00 to limit downside exposure. Target 1 can be set at
$175.00, just below the recent high, and Target 2 at
$178.00, allowing for further upside potential.
Monitor the RSI for potential divergence and be prepared to adjust positions accordingly.
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