Dec. 6 at 1:58 AM
$TW Trade Alert: Current market context shows a recent close at
$107.91, with an RSI of 42.15 indicating potential for upward movement as it is below the neutral 50 level. The price is currently above the 30-day MA of
$107.76 but below the 50-day MA of
$107.99, suggesting a consolidation phase. The 60-day high of
$120.43 provides a resistance level, while the low of
$101.71 offers support.
Action Plan:
- Suggested Entry:
$108.50 (slightly above the close to confirm upward momentum)
- Stop Loss:
$106.00 (below the recent low to mitigate risk)
- Take Profit Targets:
1.
$112.00 (approx. 3.5% gain)
2.
$115.00 (approx. 6.5% gain)
3.
$126.00 (approx. 17% gain, targeting the 60D high)
This plan aligns with the current market indicators and offers a solid risk-reward ratio. Monitor closely for any shifts in RSI or price action.
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