SEVERAL BULLISH SIGNS FOR CHEAP HEALTHCARE STOCK
Updated
Found myself looking around for some side plays with the stock markets rallying today all while cryptos are facing some uncertainty. I'm also keeping my fingers crossed for UofL to sign Chris Mack as their head men's basketball coach. Anywho lets get into it
TRXC TransEnterix is a small healthcare instrument supply company, the fundamentals are not great but its starting to show some great signs, with it appearing to be
- breaking out of a down trend from October
- printing a cup and handle formation since February
- breaking out of a smaller descending wedge for March
- SMA 20 crossed above the SMA 50
Given all the factors I'm hoping we can gather support through the .23 retracement and eventually work its way back to the .618
Overall this seems like a cheap play and could be fun to watch over the coming weeks.
Not advice - happy Monday
*Delgado*
TRXC TransEnterix is a small healthcare instrument supply company, the fundamentals are not great but its starting to show some great signs, with it appearing to be
- breaking out of a down trend from October
- printing a cup and handle formation since February
- breaking out of a smaller descending wedge for March
- SMA 20 crossed above the SMA 50
Given all the factors I'm hoping we can gather support through the .23 retracement and eventually work its way back to the .618
Overall this seems like a cheap play and could be fun to watch over the coming weeks.
Not advice - happy Monday
*Delgado*
Note
Handle forming nicely - looking for breakout soon!
Note
Breakout happened! Lets go TRXC
Note
If TRXC breaks through 2.10-2.12 I'm looking to take some profit near 2.30
Note
Solid accumulation going on here. Past few days have shown solid buying strength after starting the day off low and ending high. With higher lows forming along side a rising MACD I'm feeling very strongly on TRXC
Note
Breakout occurred! Hope everyone was able to get in around the 1.60-1.80 range and make some money! I'll be updating the chart for more entry points this weekend but the major breakout I was hoping for - and got - may make the next few weeks a little more unpredictable and will in turn be looking to new equities. Specifically I've been buying HLIT the past week or so. I'll chart that one out as well. Good luck and happy Friday 
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