Nov. 14 at 3:20 AM
$TSCO: The last close at
$56.18 indicates a position near the 50-day moving average (MA50) of
$56.28, suggesting potential resistance. The RSI at 49.46 shows neutrality, indicating neither overbought nor oversold conditions. The 30-day moving average (MA30) at
$54.85 provides support, while the recent high of
$62.89 and low of
$51.90 suggest a trading range that could be exploited.
Directional bias is neutral to slightly bullish, given the proximity to MA50 and support from MA30.
Suggested entry:
$56.50, above the MA50.
Stop:
$54.50, below the MA30 for risk management.
Targets:
$60.00 (near the 60D high) and
$62.00 (psychological resistance level).
This trade plan aims to capitalize on potential upward momentum while managing risk effectively.
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