Nov. 15 at 12:06 AM
$TRU is currently trading at
$81.1, with an RSI of 36.33 indicating it is in the oversold territory, suggesting potential for a reversal. The price is below both the 30-day moving average (MA30) of
$80.39 and the 50-day moving average (MA50) of
$83.22, which typically signals bearish sentiment. However, the recent 60-day low of
$70.2 provides a support level that may attract buyers.
Market context shows a range between the 60-day high of
$95.5 and low of
$70.2, indicating volatility. Given the current RSI and proximity to support, a bullish reversal could be anticipated.
Suggested trade plan:
- Entry:
$81.5 (slightly above the last close)
- Stop:
$79.0 (below recent support)
- Targets:
$85.0 (first target, near MA50) and
$90.0 (second target, psychological resistance).
Monitor for confirmation of upward momentum before entry.
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