NYSE:TGI I have had my eyes on this one since the big volume breakout on December 21st. I did not want to chase it, so I have been waiting for a pullback and re-breakout. I have that this morning. See chart for notations.
I started a one third size position here with a stop on any close below the breakout trendline.
Ideas, not investing / trading advice....
There are two symmetrical triangle
One on daily chart ready to break and another forming on weekly chart
I think price will have a strong boost soon and I suppose it will be an upside movement
Moved from the bottom of our Channel and is currently on the rise.
Check if it breaks through the resistance area, 8-10%+ should be possible from here
Strong earnigs-push was stopped due to Mid-August weakness, maybe another runup is possible
Ascending Triangle, confirmed (61PC)
Pros:
Descending volume during formation
Volume at break out
Golden cross in blue
PPS above 50MA and 200MA
RS above 0, and ascending
ATR Ascending
R/R ratio above 11, high
200MA ascending
250RSI above 50
Target:
PT = 26.06$
Help how ever you can to keep this alive.
Thank you to those who have donated Coins!
Always do your...
Aerospace Thesis
Key level, break of 17.41 could test 20 level.
First support key level is 16.41.
Second Support is 15.10
Needs to do better on free cash flow, February PR might be able their transition to fix that issue.
- TRIUMPH SIGNS EXCLUSIVE DISTRIBUTION AGREEMENT WITH VSE AVIATION TO ENHANCE AFTERMARKET LANDING GEAR OFFERING
- TRIUMPH GROUP EXPANDS...
