TR: cross confluence supportA price action above 32.00 supports a bullish trend direction.
Increase long exposure for a break above 33.00.
The target price is set at 35.50.
The stop-loss price is set at 30.50.
The examination and convergence at the 200-day and 200-week simple moving averages indicate a significant support level, demonstrating a confluence of support.
TR trade ideas
TR: Breakout Confirmed, 14.71% Potential Profit!Description: TR is trending higher and in an uptrend meaning that highs are getting higher and lows are getting higher. The uptrend line on the chart and the Trending Band Indicator (which measures trend) supports the Long Position.
Stats:
1. Ideal buy range: $33.5 - $34.5
2. Take profit: $38.59
3. Stop Loss: $32.63
4. Risk To Reward: 1 / 5
5. Accuracy Rating: 80%
TR 50MA ResistanceIf TR bounced back and shows resistance at the 50DMA there may be a short swing position to enter. Been resistance for this stock since the beginning of July.
If this breaks above the 50DMA I would hold off on taking a long position because the stock was still on a downtrend when it broke through in May and June. Possible to take a short position if it shows a reversal above the 50DMA in this scenario.
TR: $38 Short Target for Candy!First off, please don't take anything I say seriously or as financial advice. As always, this is on opinion basis. That being said, let us get into my opinion. TR currently has more sell calls, but lots of analyst are still bullish on its price correlation. It is one of these stable growing stocks. However, a small bearish correlation looks imminent. That is why I would suggesting setting a sell target for $38, and maybe reinvesting in the dip if you could.