Nov. 14 at 4:16 AM
$TTC is currently trading at
$71.6, which is near the 60-day low of
$71.15, suggesting a potential reversal point. The RSI at 28.9 indicates that the stock is oversold, signaling a possible bullish reversal in the near term. However, the stock is below both the 30-day moving average (MA30) of 74.32 and the 50-day moving average (MA50) of 75.87, indicating a bearish trend in the medium term.
For a trade plan, consider entering at
$72.00, just above the current close, to capture potential upward momentum. Set a stop loss at
$70.50 to manage risk. Target the first profit at
$74.00, which aligns with the MA30, and a second target at
$76.00, approaching the MA50.
This plan leverages the oversold condition indicated by RSI while being cautious of the prevailing downtrend indicated by the moving averages.
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