$TROXGreen: Entry Point
Blue: Start of Week
Red: End of Week
Thumbs Up: Trade Available for Week
Numbers: Price Targets
*For share traders only. Not meant for options.
TROX trade ideas
TROX: I see potential. Take a look and process your way.The action since 2017 could be seen as a cup with handle pattern. The action since 2012 looks like a large "W" pattern. There is overhead resistance. I think intermediate term 34-35 is possible. Up about 13% so far today.
Process you r way.
From Zack: " Tronox Holdings plc is a vertically integrated mining and inorganic chemical business. The company mines and processes titanium ore, zircon and other minerals and manufactures titanium dioxide pigments to paints, plastics, paper and other everyday products. It operates primarily in South Africa, Australia, United States, the Netherlands and Australia. Tronox Holdings plc, formerly known as Tronox Limited, is based in London, United Kingdom."
TROX idea after good earnings- disclaimer: amateur swing traderTROX seems to be bouncing off the 200MA. Just came off good earnings and an increased dividend. Seems to have strong fundamentals. Targets set for previous high, and 127 and 168 fib extension levels (which are also previous levels of resistance).
Target 3 = 30.50 RR: 1.66
Target 2 = 27.30 RR: 2.37
Target 1 = 24.51 RR: 3.13
Close below $15 and I'd get out.
Let me know your thoughts on this analysis as I'm still learning and appreciate the feedback.
Long position for $TROXPMI (ISM) still showing growth for chemical products with an extended outlook of 2-6 month time frame. VIX still below year avg. Ideal time to load and take positions.
TRONOX HOLDING PLC Idea DailyHey my friends, TRONOX HOLDING PLC is in a bullish continuation of large buying volume, on TIMEFRAME 4H we see an aborted attempt by sellers. Strong potential to go into the bullish gap to seek the bearish point of the fall, to fill the catch-up and with the quantity of purchase volume may be relapsed thereafter.
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$TROX Buy PossibilityWeekly/Daily 61.8% Fibonacci Retracement
Daily demand zone
HUGE gap to fill in the first Q of 2018
Prepare to short this market!I am not to sure about this channel, but still we can see a nice repetitive pattern, as the price bounces between top and bottom.
BUT as we are in an uptrend (daily chart) I will watch this one for now, or wait for a strong bearish candle before I enter it. For now, this is only educational for me.
We could see a breakout on the same time, since the price has quite a bit of a sideway move for a couple days now.
Only trade this one if your opinion is strong about it! And if so, let me know why =)
Good trades for this week!
Breakout ahead? We are at a crucial level againHey folks!
I found a good opportunity for a nice swing trade again.
As we can see, the top of the cannel is reached, and now what will happen?
I see two things right now.
1) A breakout with a pullback, that would be my entry trigger.
2) A double top formation, and of course the price will fall then. So we have a short position. I will wait a few hours, maybe one day to make sure I am not running into a trap. And if you see the main trend, it goes up right now. So shorting would go against the trend, and I am careful with that...
TROX going for another upswing ?Looking into 30 mins charts where the RSI has been falling substantially vs price action... which makes a way for another upswing ... Also looking at a 2hrs charts it appears to be a bull flag
Also got multiple of my bullish indicator on 30mins charts which is again very bullish... I will expect the price action to break 8$ mark very soon
Strong Short, Tronox Ltd.Very good short play on Tronox Ltd. This stock has broken its upwards trend posting a lower high after 4 higher highs in a row and it is at the top of the linear regression channel. TROX has bounced off of a resistance line and is experiencing decrease in volume. The MACD is also about to crossover to a sell signal and the Directional Movement Index is showing a downwards trend. Also, the stock is in oversold territory showing at 65 and is about to cross under the 9 Day MA.
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