Dec. 19 at 4:00 PM
Actionable Trade Alert for
$TRMB:
Market Context:
$TRMB closed at
$79.91, with an RSI of 43.86 indicating a neutral to slightly bearish momentum. The stock is currently trading near its 30-day moving average (MA30) of
$79.86 and above the 50-day moving average (MA50) of
$79.55, suggesting potential support in this range.
Directional Bias: Given the RSI is below 50, there is a slight bearish bias. However, the proximity to the MA30 and MA50 indicates a potential reversal point. The 60-day high of
$84.42 provides a target for upward movement, while the 60-day low of
$74.5 offers a reference for downside risk.
Trade Plan:
- Suggested Entry:
$79.91
- Stop Loss:
$77.50 (approximately 3% below entry)
- Take Profit Targets:
1. Target 1:
$82.00 (2.6% gain)
2. Target 2:
$84.00 (5.3% gain)
3. Target 3:
$93.50 (17% gain)
This plan offers a favorable risk-reward ratio with potential for significant upside.
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