Stock Of The Day / 02.11.25 / TEM

02.11.2025 / TEM

Fundamentals. Neutral news background.

Technical analysis.
Daily chart: The price is near the upper limit of a wide range. The level 78.00 formed by a trend break in November 2024 is ahead.
Premarket: A slight decline on moderate volume. We mark the premarket high at 69.00.
Trading session: We observe a sharp, almost non-pullback impulse on the opening of the trading session, which was stopped at the level of 78.00. We are considering a short trade in case of an unsuccessful attempt to breakout 78.00 due to the fact that the price approached a strong daily level very sharply on large candles and passed 1.7 ATR.

Trading scenario: false breakout with retest of level 78.00

Entry: 76.82 after unsuccessful attempt of breakout, pullback and retest.

Stop: 78.21 we hide it behind the high of the retest.

Exit: Close part of the position before premarket high level of 69.00. Close the rest part of the position around 69.22 when reversal candlestick pattern appears.

Risk Rewards: 1/5

P.S. In order to understand the idea behind the Stock Of The Day analysis, read the following information.