Long | TRXC | Swing TradeAMEX:TRXC
Possible Scenario: LONG
Evidence: Price Action,
TP1 ~10$ , TP2 ~14$
*Major support at 6$, It should fill the gap from 2019 at 10.43$
Mental SL: 5.70$
This is my idea and could be wrong 100%
TRXC
TRXCTRXC - Robot surgery company
New CEO
New strategy
Huge upside potentional (2-10X)
Closing private offering on 3$ 2021.01.28.
PT'1: 6.5$
PT2: 10$
Holding Long, Holding Strong. ;)
TRXC - Ready to jump in to the double digit's area TRXC robot surgery company, with unique laparoscopy technology called Senhance. You can see more on February 23. on a virtual conference. finance.yahoo.com
PT1: 6.5$ done
TOP: 6.95$
Between R1 (4.74) - MA20 (4.14) Moderated BUY, under 4.14 (blue arrow) Strong BUY and they also have some good news today.
finance.yahoo.com
PT2: 10.10$ /R4 - blue arrow/
TRXC AKA TRANSENTERIX will we witness a big full moonSome say Transenterix could be a 16 billion dollar business one day very soon if you see it bounce from the gutter. 900% this year already ill be looking very closely.
It might want to put a stronger foundation by testing the demand zone but after we see a bounce from that or a strong continuation to the upside breaking the pennant we could see a full moon.
notes:
When we look at the MACD we see a little reversal to the downside but this could be to the bottom of the triangle.
Also we see little volume which could indicate on a tight consolidation period maybe? Or that drop to the demand zone.
# I am not a financial advisor, i do this for fun :) Trade at your own risk, remember ALOT of people lose their money.
TRXC Break outwatch for break out. Good buying opportunity at 3-3.50 level. If it falls below 3, all you have to do is buy more and keep long. Shot term target $24
TRXCKeep a look out for this momentum stock. Over the past month it is up 400%. As I look at the volume on the monthly this stock is surging & showing very bullish signs & short term price activity reflects what buyers have in mind. Can't confirm it is a buy just yet but if we do get a real push up I am eyeing around $20 as a target over the next few months. Which could be a solid 800%.
Robotic urgeryTeam we have 4 indicators showing that next week is going to be a Green Week.
However i want you to keep this channel in mind.
I am expecting the price to stay within this channel in this bull trend.
Robotic surgery sounds scary but it is another step towards the future.
Imagine the countless lives we can save because ultimately robots are more precise.
it sounds like a science fiction story. But this company is making it a reality
Continuing further. Buy Low & NEVER SELL!
Follow me for technical analysis!
All of this is only opinion and my own personal journal.
None of this is financial advice !
& if you dont plan on holding long term. Dont bother putting your money in this market.
TRXC start of a growth cycleFrom monthly chart supported by ichimoku, MACD and RSI and all the good news recently it appears to me that we have finally entered the growth cycle of TRXC, which might end at around 40-50$ range by the end of this year perhaps even much sooner, due to historically sharper and shorter growth cycles. I will definitely play this stock for the time to come.
TRXC LONGThis is an incredible long opportunity, the stock shows huge institutional interest, while also being hugely oversold, combined with the recent breakout. this is exactly what I have been waiting for, this has an outstanding risk to reward ratio.
TRXC Long for few more years. The 20MA above 50MA, 50 MA above 200MA ( Golden Cross)
3 White Soldiers on Monthly Chart. Long way to go.. Price target in 20's by 2022-2023. Buy and let it run.
TRXC Long IdeaI like TXRC here, the volume is picking up. Its price is climbing above the supporting moving averages. No real resistance.
TRXC price touched strong support line.TRXC price touched strong weekly support line. Possibly buy. wait for 123 pattern for confirmation. I also watching this one .
TRXC bottom triangulation formationTRXC has formed a triangulation pattern at a bottom. Will begin to accumulate with stops just below support.
$TRXC.X daily pathRussel addition has brought in a large flood of volume AH on June 22nd. FDA approval for 3mm within 80 days and ER sometime in August not to mention some new FDA submissions on way will bring in a lot more attention to this growth company.
With FDA approaching, this one is getting ready to bounceHad FDA approval about 6 months ago with another one for 501k submission on the way and technicals look like a breakout is imminent. Watch for support levels at 1.80 and break about 1.93 and 2.02.
TRX - Breakout possible, if conditions are favorable.If you check my previous post, the pattern is holding true. This is a slightly downward facing triangle, that currently is squeezing out the last of the sellers before another breakout point. I think this coming breakout point will be more significant, as BTC is stabilizing above 11.5k. Watch the 4 hour charts to see this squeeze a little further until the apex point. The breakout is very likely as it hits the apex, but how the breakout looks will remain to be seen. So far, we've seen a breakout, and then an even smaller right triangle each time, but one of these could give to a new ATH if the volume if 1) the volume is significant enough, and 2) BTC has stabilized. BTC is the driver right now, and if it remains in it's current up-trend, we can expect the alts to continue to suffer until people decide to pull from BTC and invest in the alts. Either way, things still look good for TRX, and we'll just have to wait a bit longer for a meaningful breakout.
TRXC LongLong to at least > 3.2, going parabolic assuming no more short term Series A unloading. Good fundamentals, analyst upgrades any week (as gauged from earnings call), and predicted 2+ sales by Q4 end. Loaded up and awaiting positive catalysts.
TRXC - Cup + Handle formation?Looks like TRXC is in the handle stage of a pretty decent cup+handle formation, I'm a bit concerned by just the shallow nature of the handle; lots of price volatility going on right now in this stock.
I don't know much about this company other than I belong to a facebook group dedicated it. Seems like a good investment opportunity if you want exposure to marijuana stocks.
