TROX 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.
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.
Note
Target 1 hit Sep 13th
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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.