Long
TTM: Tata Motors looks like a YUGE bottom here
I like this company, and it is trading at a discount now. Valuation is good, although not the best, but since it is so washed out, and autos are likely to gain traction, it is a good chance to pick up some shares and gain exposure to it. Risk $1.8 down, to make more than $3-5 on it over the next 3 months.
Good luck,
Ivan Labrie.
Good luck,
Ivan Labrie.
Note
Buying at the open was an instant win...adding more gradually.Note
Nice action here, let's see how it manages the resistance above.Note
Acting well overall, aiming for 35.69 at least.Note
Yuge...indeed.This could be a gigantic breakout in
TTM Note
Trailed stops to 36.44 and doubled longs shortly after the open.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.