📈 Direction: Long
🎯 Entry Zone: $75.80 - $76.20 (Optimal entry near $75.92)
⛔ Stop Loss: $71.00 (-6.5% risk)
🎯 Take Profit: $85.64 (+12.8% upside)
📊 Risk/Reward Ratio: 1:2
🔍 Why TRMB?
📊 Technical Analysis
✅ Trend: Strong daily uptrend (higher highs & higher lows)
✅ Moving Averages: Price above SMA 20 ($72.47) & SMA 50 ($68.65) → Bullish momentum
✅ MACD: Positive crossover on daily chart, bullish momentum building
✅ Volume: Increasing volume on upward moves confirms buying interest
✅ Key Levels:
Support: $74.80 (previous resistance turned support)
Resistance Break: Clearing $76.00 opens path to $85.64 (next major resistance)
📉 Fundamental Backing
✔ Revenue Growth: Strong Net Income Growth (fundamentals support bullish bias)
✔ Valuation: Fair P/E ratio (12.34), no extreme overvaluation
✔ Debt Health: Low debt-to-equity (0.24), strong interest coverage
🎯 Trade Plan
🔹 Entry: Wait for confirmation above $75.80-76.20 (break & retest ideal)
🔹 Stop Loss: Tighten to $73.90 if price moves favorably to lock in profits
🔹 Take Profit:
TP1: $80.00 (partial profit)
TP2: $85.64 (full exit)
⚠️ Risk Considerations
Market-wide pullback could trigger stop loss
Earnings/News volatility (check upcoming events)
If price fails to hold $74.80, reassess thesis
📌 Final Thought: TRMB shows a strong technical breakout backed by decent fundamentals. A swing trade to $85.64 offers a solid R:R.
👍 Like & Follow if you found this useful! Drop your thoughts below. 👇
#TradingView #SwingTrading #Stocks #TRMB #TechnicalAnalysis #Investing
🎯 Entry Zone: $75.80 - $76.20 (Optimal entry near $75.92)
⛔ Stop Loss: $71.00 (-6.5% risk)
🎯 Take Profit: $85.64 (+12.8% upside)
📊 Risk/Reward Ratio: 1:2
🔍 Why TRMB?
📊 Technical Analysis
✅ Trend: Strong daily uptrend (higher highs & higher lows)
✅ Moving Averages: Price above SMA 20 ($72.47) & SMA 50 ($68.65) → Bullish momentum
✅ MACD: Positive crossover on daily chart, bullish momentum building
✅ Volume: Increasing volume on upward moves confirms buying interest
✅ Key Levels:
Support: $74.80 (previous resistance turned support)
Resistance Break: Clearing $76.00 opens path to $85.64 (next major resistance)
📉 Fundamental Backing
✔ Revenue Growth: Strong Net Income Growth (fundamentals support bullish bias)
✔ Valuation: Fair P/E ratio (12.34), no extreme overvaluation
✔ Debt Health: Low debt-to-equity (0.24), strong interest coverage
🎯 Trade Plan
🔹 Entry: Wait for confirmation above $75.80-76.20 (break & retest ideal)
🔹 Stop Loss: Tighten to $73.90 if price moves favorably to lock in profits
🔹 Take Profit:
TP1: $80.00 (partial profit)
TP2: $85.64 (full exit)
⚠️ Risk Considerations
Market-wide pullback could trigger stop loss
Earnings/News volatility (check upcoming events)
If price fails to hold $74.80, reassess thesis
📌 Final Thought: TRMB shows a strong technical breakout backed by decent fundamentals. A swing trade to $85.64 offers a solid R:R.
👍 Like & Follow if you found this useful! Drop your thoughts below. 👇
#TradingView #SwingTrading #Stocks #TRMB #TechnicalAnalysis #Investing
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.
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.