Dec. 19 at 3:58 PM
$TYL: Current market context shows a recent close at
$455.42, with an RSI of 40.44 indicating potential oversold conditions. The stock is trading below its 30-day moving average (MA30) of
$462.31 and 50-day moving average (MA50) of
$477.40, suggesting bearish momentum. However, the stock is near the 60-day low of
$445.64, which may provide a support level.
Directional bias leans towards a potential reversal as the stock approaches this support. Suggested entry is at
$457.00, with a stop loss set at
$445.00 to limit risk.
Take profit targets are as follows:
- Target 1:
$465.00 (1.75% ROI)
- Target 2:
$475.00 (3.94% ROI)
- Target 3:
$535.00 (17.5% ROI)
This trade plan allows for a strategic entry while managing risk effectively. Monitor price action closely for potential adjustments.
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