Buy Signal:
Current Price: $37.81
Price recently bounced from a low of $34.18 and is showing upward momentum.
It broke above the 7 MA ($37.05) and 25 MA ($36.15), which is bullish.
Volume has increased significantly, signaling strong interest.
Suggested Trade Plan:
Buy Entry: $37.70–$37.90 (Current region)
Take Profit (TP):
TP1: $39.80 (near-term resistance & psychological round number)
TP2: $41.50 (stronger resistance zone if momentum continues)
Stop Loss (SL):
SL1: $36.20 (below recent consolidation and MA(25))
SL2: $34.00 (below the recent swing low at $34.18 — for more safety)
This setup offers a reward-to-risk ratio of approximately 2:1 if targeting TP1 and using SL1.