Dec. 19 at 4:45 PM
$TTMI: Actionable Trade Alert
Market Context: The last close at
$67.09 shows the stock is currently trading below the 30-day moving average (MA30) of
$68.51, indicating potential bearish sentiment. However, the RSI at 46.24 suggests that the stock is not yet oversold, allowing for a possible upward correction.
Directional Bias: Given the proximity to the 60-day low of
$51.09 and the current price, there is room for recovery towards the 60-day high of
$80.58. The MA50 at
$65.09 is acting as support, which could facilitate a bounce.
Trade Plan:
- Suggested Entry:
$67.50
- Stop Loss:
$63.00 (4.5% below entry)
- Take Profit Targets:
- Target 1:
$72.00 (6.5% ROI)
- Target 2:
$75.00 (11.3% ROI)
- Target 3:
$78.50 (16.7% ROI)
This plan offers a potential ROI of over 17% at Target 3, with a manageable stop loss. Monitor market conditions closely for any changes.
https://privateprofiteers.com
