TGI- Aerospace & Defense Triumph Group TGI Surpassed earning and Volume doubled its 30D Avg.
Will the strength continue into higher targets? This is my view on a Weekly chart so it could take time to chop its way into the profit targets. The last time it was above 25 was in 2006-2007. It climbed 75% that year. Can TGI reach those heights again in a years time? The positive gap up makes me think that the other Aerospace & Defense could also follow its lead in the sector.
TGI trade ideas
$TGI Breaking Out?NYSE:TGI I have had my eyes on this one since the big volume breakout on December 21st. I did not want to chase it, so I have been waiting for a pullback and re-breakout. I have that this morning. See chart for notations.
I started a one third size position here with a stop on any close below the breakout trendline.
Ideas, not investing / trading advice. Comments always welcome. Thanks for looking.
TGI: Ascending Triangle, confirmed (61PC)Ascending Triangle, confirmed (61PC)
Pros:
Descending volume during formation
Volume at break out
Golden cross in blue
PPS above 50MA and 200MA
RS above 0, and ascending
ATR Ascending
R/R ratio above 11, high
200MA ascending
250RSI above 50
Target:
PT = 26.06$
Help how ever you can to keep this alive.
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Always do your own due dilligence. This is not financial advice
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TGI LONGAerospace 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.
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