TCMD LongGood 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 trade ideas
TCMD Long Trade for Week of 7.19TCMD 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 (Extreme Target 2)
Stop: 36.00
Best of Luck,
--d0x
TCMD - Upward channel breakdown short from current price to $23TCMD 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 Criteria- 1st Target $25.13, 2nd Target $22.83
Stop Loss Criteria- $31.13
Please check back for Trade updates. (Note: Trade update is little delayed here.)