Long
TRXC AKA TRANSENTERIX will we witness a big full moon
Some say Transenterix could be a 16 billion dollar business one day very soon if you see it bounce from the gutter. 900% this year already ill be looking very closely.
It might want to put a stronger foundation by testing the demand zone but after we see a bounce from that or a strong continuation to the upside breaking the pennant we could see a full moon.
notes:
When we look at the MACD we see a little reversal to the downside but this could be to the bottom of the triangle.
Also we see little volume which could indicate on a tight consolidation period maybe? Or that drop to the demand zone.
# I am not a financial advisor, i do this for fun :) Trade at your own risk, remember ALOT of people lose their money.
It might want to put a stronger foundation by testing the demand zone but after we see a bounce from that or a strong continuation to the upside breaking the pennant we could see a full moon.
notes:
When we look at the MACD we see a little reversal to the downside but this could be to the bottom of the triangle.
Also we see little volume which could indicate on a tight consolidation period maybe? Or that drop to the demand zone.
# I am not a financial advisor, i do this for fun :) Trade at your own risk, remember ALOT of people lose their money.
Note
forgot to mention the bounce from the 20 emaNote
Heading towards demand zone?Note
Looks like were in the demand zone, good time to consider a buy now i think. (long term ofc)# I am not a financial advisor, i do this for fun :) Trade at your own risk, remember ALOT of people lose their money.
Note
We got a nice bounce from the demand zone, next will we make a double bottom or continue to the upside.
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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.