Dec. 11 at 11:47 PM
Actionable Trade Alert for
$TTAN:
Market Context:
$TTAN closed at
$107.04, showing strong momentum with an RSI of 87.81, indicating it is overbought. The price is significantly above the 30-day MA of
$93.44 and 50-day MA of
$95.18, suggesting a bullish trend but caution is warranted due to the high RSI.
Directional Bias: While the current momentum is bullish, the high RSI indicates potential for a pullback. The 60-day high of
$119.6 provides a target for profit-taking, while the low of
$83.48 suggests a support level.
Trade Plan:
- Suggested Entry:
$107.04
- Stop Loss:
$102.00 (approx. 4.7% below entry)
- Take Profit Targets:
1.
$113.00 (5.5% ROI)
2.
$117.00 (9.3% ROI)
3.
$125.00 (16.8% ROI)
Target 3 offers a potential ROI of 16.8%, aligning with the goal of at least 17% ROI. Monitor RSI for signs of reversal before entering.
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