Nov. 14 at 3:05 AM
$TRV is currently trading at
$287.42, showing a strong bullish momentum with an RSI of 78.16, indicating overbought conditions. The price is above both the 30-day moving average (MA30) of 274.21 and the 50-day moving average (MA50) of 275.05, reinforcing a bullish sentiment. However, the high of
$290.61 within the last 60 days suggests a potential resistance level.
Given the current metrics, the directional bias remains bullish, but caution is warranted due to the high RSI. A suggested entry point could be around
$285, slightly below the current price to capture potential pullbacks. A stop loss should be placed at
$281, just below the MA30 for risk management.
Target 1 is set at
$290, aligning with the recent high, while Target 2 can be set at
$295, allowing for further upside potential. Monitor the price action closely, as a reversal could occur given the overbought RSI.
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