Dec. 6 at 3:33 AM
Actionable Trade Alert for
$TVTX:
Market Context:
$TVTX is currently trading at
$35.33, showing bullish momentum as reflected by an RSI of 58.37, indicating it is not overbought. The stock is above its 30-day MA of
$33.77 and 50-day MA of
$30.62, suggesting a positive trend.
Directional Bias: The stock's recent performance, with a 60-day high of
$37.5, indicates potential for upward movement. The RSI supports this bullish outlook, as it is approaching the neutral zone without being overbought.
Trade Plan:
- Suggested Entry:
$35.50
- Stop Loss:
$33.00 (approx. 7% below entry)
- Take Profit Targets:
1.
$37.00 (4.2% ROI)
2.
$38.00 (7.9% ROI)
3.
$41.50 (17.9% ROI)
This plan provides a solid risk-reward ratio, with the potential for a significant return on the third target. Monitor the stock closely for any changes in momentum.
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