Dec. 10 at 3:51 AM
Actionable Trade Alert for
$TTEK:
Market Context:
$TTEK is currently trading at
$33.74, showing a bearish sentiment as indicated by the RSI of 38.33, suggesting it is nearing oversold conditions. The stock is positioned close to its 30-day moving average (MA30) of
$33.71 and 50-day moving average (MA50) of
$33.68, indicating potential support levels.
Directional Bias: Given the current RSI and proximity to moving averages, there is a potential for a reversal. The recent 60-day high of
$37.75 and low of
$31.18 creates a range that suggests upward potential.
Trade Plan:
- Suggested Entry:
$33.80 (slightly above the current close)
- Stop Loss:
$31.00 (below the recent low)
- Take Profit Targets:
1.
$35.00 (approx. 3.6% ROI)
2.
$36.00 (approx. 6.9% ROI)
3.
$39.50 (approx. 17.8% ROI)
This trade plan aims for a minimum of 17% ROI on the third target while managing risk effectively.
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