NASDAQ:TMDX had solid earnings yesterday but good to look back and analyse how the stock behaves prior with an undercut and rally #UNR. You will noticed that the 21EMA crosses down the 50EMA and subsequently crosses up. From there, the 8EMA intersect together with the classic "PINCH" to rally. Though the earnings was a catalyst. Institutions would have some...
18% off all time highs. Held its EP gap from 7/11 on Highest Volume Ever. A couple days to tighten here would be ideal for a low risk entry close to the 10 EMA.
TransMedics Group, Inc.: Strong Q2 Performance and Ambitious Expansion Plans Exceptional Q2 Performance: TransMedics Group's Remarkable Growth: Achieving Record Revenues and Unprecedented Second-Quarter Turnover TransMedics Group, Inc. has demonstrated remarkable growth in its Q2 results, showcasing a significant 156% year-on-year increase in revenues. This...
TMDX the price brakeout the resistance line and now retesting it watch it closely.
Key level at $90.15, passing that area would clear any remaining overhead resistance and should set this up to run, tremendous sales numbers.
using some imagination on $TMDX (orange bars). Company not making money yet but that sales growth is behind this insane relative strength. For months while the market is in a bear, this stock is in its own bull cycle. RS 99 and almost 90 degree up. One to keep an eye on.
--Double bottom is form for a base/support --holding on the long bottom trend support --Risk: 14 days before ER --Could hit near target before ER --Would close position before ER in this market condition --See chart --Avoid choppy price action
TMDX: TransMedics Group, Inc. 2021-11-04 07:00:00 TransMedics Announces Positive Top Line Results From the U.S. Randomized OCS DCD Heart Trial
Bull and Bear case laid out. I may do an explanation later but too lazy right now. Watch ~38 for a pivot.
we have bounced off this support plenty of times in the past, great risk reward if we enter long with tight stop, long 29 stop loss 25.5 price target 38-45! goodluck :) please dont forget to like and follow if you like my ideas!
TMDX looks like a new low should complete the near term correction.
Bullish Flag, confirmed Pros: Descending volume during formation Volume at break out Golden cross in blue PPS above 50MA and 200MA RS above 0, but descending ATR Ascending R/R ratio above 6 250RSI above 50 200MA ascending Target: PT = 46.68$ Thank you to those who donate Coins! Stay Humble, have fun, make money!
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