Nov. 13 at 1:33 AM
$TW is currently trading at
$110.3, showing a neutral RSI of 50.0, indicating no immediate overbought or oversold conditions. The 30-day moving average (MA30) at
$107.59 suggests a bullish trend since the price is above this level. However, the 50-day moving average (MA50) at
$110.92 indicates potential resistance above the current price.
Given the 60-day high of
$131.04 and low of
$101.71, the price is closer to the upper range, suggesting limited upside potential in the short term. A cautious approach is warranted.
Suggested entry is at
$110.5, slightly above the last close to confirm upward momentum. Set a stop loss at
$108.5 to limit potential losses. Target 1 can be set at
$113.5, just below the MA50, and Target 2 at
$116, allowing for a reasonable profit while monitoring for resistance.
Overall, the trade plan leans slightly bullish, contingent on maintaining above the MA30.
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