Nov. 14 at 3:55 AM
$TXRH is currently trading at
$168.1, showing a neutral market context with a slight bearish bias. The RSI at 40.26 indicates that the stock is nearing oversold territory, suggesting potential for a rebound. However, it remains below the 50 level, indicating weak momentum. The 30-day moving average (MA30) at
$169.08 is above the current price, reinforcing the bearish sentiment, while the 50-day moving average (MA50) at
$167.14 is slightly below the last close, providing a minor support level.
Given the 60-day high of
$181.0 and low of
$156.0, a trading range is established. A suggested entry point would be around
$167.5, with a stop loss set at
$165.0 to manage risk. Target 1 could be set at
$172.0, near the MA30, and Target 2 at
$178.0, approaching the 60-day high. This plan allows for a balanced risk-reward scenario while considering current market conditions.
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