Nov. 13 at 2:15 AM
$TTEK: The current market context shows a last close at
$31.99, which is near the 60D low of
$31.18, indicating potential support. The RSI at 39.81 suggests the stock is nearing oversold conditions, which could lead to a reversal. The MA30 at
$33.08 and MA50 at
$33.94 are both above the current price, indicating a bearish trend in the short to medium term.
Directional bias leans towards a potential short-term bounce due to the proximity to the 60D low and the oversold RSI. Suggested entry is around
$32.00, with a stop loss set at
$30.50 to manage risk. Target 1 is
$33.00, aligning with the MA30, and Target 2 is
$33.50, just below the MA50.
Monitor for any changes in momentum or market conditions that could affect this plan.
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