Good to long
Good earnings
Price b/o
Tight price action and b/o
Weekly RSI and Composite Moving Averages are sloping up
Goal is about 2.5R (3.5ATR(21EMA)). Risk is about 1.5ATR
Risk management is the most important.
I am getting my thought process from CANSLIM and Mark Minervini NASDAQ:TCMD
TCMD looking like a buy this week(19.7.2020). Realistically it most likely get bogged down around the 42.00 zone.
However, we are seeing bullish volume over the last few days. Its possible that we are ready to work through that
zone and go higher.
Targets:
Target 1: 40.00
Target 2: 42.00
Target 3: 44.50
Target 4: 47.00 (Extreme Target 1)
Target 5: 51.00...
A breakout on above average volume on this stock, Top Group and EPS rating from IBD
earnings in mid May,
The stock is coming out of a cup with a handle
Long 35.57
SL 7%
Risk on the whole thing is 1% of portfolio
TCMD seems breaking down from an Upward channel, It has Strong Insider selling,
Financial ratios are very poor as it has huge 402 E/P & forward P/E 127.7
Looks good for short setup at current price
* Trade Criteria *
Date First Found- August 2, 2017
Pattern/Why- Upward channel breakdown
Entry Target Criteria- Break of $28.49 (Current price)
Exit Target...
