THR trade ideas
THERMON GROUP
Short term trade.
consider phase C developed, then expecing sos/lps soon
timing for entry
Strong buy on Thermon THR - Texas Power and Energy Plant HeatingHave been watching closely since the recent break. All time frames are converging in an intermediate and long term up-trend. Ready for a daily middle BB bounce.
Texas is introducing a bill to require that all power producers and natural gas pipelines implement weatherization on their facilities. Thermon is based in the state capitol of Austin and stands to gain a windfall from state government grants.
I have long dated long calls in this security. Target Price: $27
THR : Descending TriangleDescending Triangle
Pros
Descending Volume
PPS below 50MA and 200MA
250RSI below 50
RS below 0
200MA descending
ATR descending
If confirmed
PT = 4,95
