Dec. 19 at 3:20 PM
Actionable Trade Alert for
$TXN
Market Context:
$TXN is currently trading at
$176.19, showing bullish momentum as indicated by an RSI of 61.82, suggesting upward strength but nearing overbought territory. The price is above the 30-day MA (168.79) and 50-day MA (169.32), indicating a positive trend.
Directional Bias: The proximity to the 60-day high of
$187.29 supports a bullish outlook, while the 60-day low of
$152.73 provides a solid support level. The current price is well above both moving averages, reinforcing upward momentum.
Trade Plan:
- Entry:
$176.19
- Stop Loss:
$171.30 (below the 30-day MA)
- Take Profit Targets:
- Target 1:
$182.00 (3.6% ROI)
- Target 2:
$185.00 (5.0% ROI)
- Target 3:
$206.00 (17% ROI)
This trade plan offers a favorable risk-reward ratio, capitalizing on the bullish trend while managing risk effectively.
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