Nov. 15 at 12:44 AM
$TTMI: The last close at
$67.99 indicates a strong position above the 30-day moving average (MA30) of
$61.66 and the 50-day moving average (MA50) of
$58.23, suggesting bullish momentum. The RSI at 60.13 indicates that the stock is not overbought, allowing for further upside potential. The recent high of
$71.85 provides a clear target, while the low of
$40.46 establishes a solid support range.
Directional bias is bullish due to the price being above key moving averages and a healthy RSI. Suggested entry is at
$68.50, with a stop loss at
$64.00 to manage risk. Target 1 is set at
$71.00, just below the 60-day high, and Target 2 at
$72.00, aiming for a breakout above the recent high.
Monitor for any changes in volatility, as indicated by the ATR of 4.91. This plan leverages current momentum while maintaining a disciplined risk management strategy.
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