Dec. 10 at 3:03 AM
Actionable Trade Alert for
$TSCO:
Market Context:
$TSCO is currently trading at
$52.35, within a 60-day range of
$51.90 to
$60.37. The RSI at 42.61 indicates a neutral to slightly bearish momentum, suggesting potential for a reversal or consolidation.
Directional Bias: The stock is below both the 30-day MA (54.03) and 50-day MA (54.54), indicating bearish pressure. However, the recent low of
$51.90 provides a support level, and the ATR of 1.24 suggests moderate volatility, allowing for potential price movement.
Trade Plan:
- Suggested Entry:
$52.50 (slightly above the last close to confirm upward momentum)
- Stop Loss:
$51.80 (below recent support)
- Take Profit Targets:
1.
$55.00 (1st target, 4.5% ROI)
2.
$57.00 (2nd target, 8.6% ROI)
3.
$61.00 (3rd target, 16.5% ROI)
This plan aims for a minimum of 16.5% ROI on the third target while managing risk effectively.
For more insights, visit https://privateprofiteers.com.
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