Dec. 6 at 1:47 AM
Actionable Trade Alert for
$TRGP:
Market Context:
$TRGP is currently trading at
$180.02, near its 60D high of
$180.37, indicating bullish momentum. The RSI at 66.63 suggests overbought conditions, but not excessively so, allowing for potential upward movement. The MA30 at
$166.26 and MA50 at
$163.59 show strong support levels, reinforcing a bullish bias.
Directional Bias: Given the proximity to the 60D high and the strong support from moving averages, we maintain a bullish outlook. However, caution is warranted due to the RSI indicating potential overbought conditions.
Trade Plan:
- Suggested Entry:
$180.02
- Stop Loss:
$175.39 (approximately 2.5% below entry)
- Take Profit Targets:
- Target 1:
$185.00 (2.7% gain)
- Target 2:
$190.00 (5.6% gain)
- Target 3:
$211.00 (17.2% gain)
This plan offers a strategic approach to capitalize on upward momentum while managing risk effectively.
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