🚀 Trade Idea: TGS (TGS Ltd.) – Breakout Play with Strong Upside Potential
📈 Entry: $29.90 (Breakout above resistance)
🛑 Stop Loss: $26.30 (Below key support & SMA-50)
🎯 Take Profit: $37.13 (~24% upside, near next resistance zone)
📊 Risk-Reward Ratio: 1:3 (Favorable setup)
🔍 Analysis Breakdown
📊 Technical Setup
Trend: Daily trend is consolidating, but 4H/1H show bullish momentum.
Key Levels:
Support: $26.30 (SMA-50 & recent swing low).
Resistance: $30 (psychological level, previous highs).
Indicators:
MACD (4H): Bullish crossover, supporting upside.
RSI (Daily): ~65 (neutral, no overbought signal yet).
Volume: Increasing on upward moves (confirms interest).
💰 Fundamental Backing
Strong Revenue & Earnings Growth (See previous analysis).
Undervalued Metrics (P/B, P/S) suggest room for expansion.
Low Debt (Score: 10/10) reduces downside risk.
🎯 Why This Trade?
✅ Breakout Play: A close above $30 confirms bullish continuation.
✅ Strong Fundamentals: Earnings growth supports higher valuation.
✅ Low-Risk Entry: Tight stop below support.
⚠️ Key Risks:
Failure to hold $30 could lead to retest of $26.30.
Market-wide pullback could delay momentum.
📉 Trade Management
Add-on: Consider scaling in above $31.50 (confirmation of trend).
Trailing Stop: Move SL to $28.50 after hitting $33.
📌 Final Thought: TGS has strong upside potential if it breaks $30. The 1:3 R/R makes this a high-conviction trade.
👨💻 Let me know your thoughts in the comments!
#TGS #Breakout #Stocks #Trading #Investing
Disclaimer: Not financial advice. Do your own research before trading.
📈 Entry: $29.90 (Breakout above resistance)
🛑 Stop Loss: $26.30 (Below key support & SMA-50)
🎯 Take Profit: $37.13 (~24% upside, near next resistance zone)
📊 Risk-Reward Ratio: 1:3 (Favorable setup)
🔍 Analysis Breakdown
📊 Technical Setup
Trend: Daily trend is consolidating, but 4H/1H show bullish momentum.
Key Levels:
Support: $26.30 (SMA-50 & recent swing low).
Resistance: $30 (psychological level, previous highs).
Indicators:
MACD (4H): Bullish crossover, supporting upside.
RSI (Daily): ~65 (neutral, no overbought signal yet).
Volume: Increasing on upward moves (confirms interest).
💰 Fundamental Backing
Strong Revenue & Earnings Growth (See previous analysis).
Undervalued Metrics (P/B, P/S) suggest room for expansion.
Low Debt (Score: 10/10) reduces downside risk.
🎯 Why This Trade?
✅ Breakout Play: A close above $30 confirms bullish continuation.
✅ Strong Fundamentals: Earnings growth supports higher valuation.
✅ Low-Risk Entry: Tight stop below support.
⚠️ Key Risks:
Failure to hold $30 could lead to retest of $26.30.
Market-wide pullback could delay momentum.
📉 Trade Management
Add-on: Consider scaling in above $31.50 (confirmation of trend).
Trailing Stop: Move SL to $28.50 after hitting $33.
📌 Final Thought: TGS has strong upside potential if it breaks $30. The 1:3 R/R makes this a high-conviction trade.
👨💻 Let me know your thoughts in the comments!
#TGS #Breakout #Stocks #Trading #Investing
Disclaimer: Not financial advice. Do your own research before trading.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.