Dec. 25 at 2:54 PM
$TRNO Actionable Trade Alert:
Market Context:
$TRNO closed at
$60.5, with a current RSI of 37.76 indicating it is approaching oversold territory. The stock is trading below its 30-day moving average (MA30) of
$61.3 and its 50-day moving average (MA50) of
$60.76, suggesting bearish momentum. However, the recent 60-day low of
$55.92 provides a potential support level.
Directional Bias: Given the RSI and the proximity to the 60-day low, there is potential for a reversal. A bounce from this level could offer a buying opportunity.
Trade Plan:
- Suggested Entry:
$60.5
- Stop Loss:
$55.5 (approximately 8% below entry)
- Take Profit Targets:
- Target 1:
$63 (approx. 4.1% ROI)
- Target 2:
$65 (approx. 7.5% ROI)
- Target 3:
$70.5 (approx. 16.5% ROI)
With a strategic entry and defined targets, this trade plan aims for a significant upside while managing risk effectively.
For more insights, visit https://privateprofiteers.com.
https://privateprofiteers.com
