Dec. 10 at 3:39 AM
Actionable Trade Alert for
$TXRH:
Market Context:
$TXRH is currently trading at
$164.95, showing a bearish sentiment with an RSI of 40.67, indicating potential undervaluation. The stock is below both the 30-day MA (167.83) and the 50-day MA (169.05), suggesting a downward trend. However, the price is also near the 60-day low of
$156.0, which may provide a support level.
Directional Bias: The current RSI indicates the stock is not overbought, and a bounce back is possible. Given the proximity to the 60-day low, there is potential for a reversal.
Trade Plan:
- Suggested Entry:
$165.50 (slightly above the last close to confirm upward movement)
- Stop Loss:
$156.00 (below the 60-day low)
- Take Profit Targets:
1.
$170.00 (3.5% gain)
2.
$175.00 (6.1% gain)
3.
$193.00 (17% gain)
This plan offers a favorable risk-reward ratio, targeting significant upside potential.
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