📈 Direction: Long (Swing to Position Trade)
🎯 Entry Zone: $190.00 - $191.07 (Ideal entry near $191.07)
⛔ Stop Loss: $181.57 (-5% risk)
🎯 Take Profit: $211.00 (+10.4% upside)
📊 Risk/Reward Ratio: 1:2+
🔍 Why TXRH?
📊 Technical Analysis
✅ Trend: Strong weekly uptrend (higher highs & higher lows)
✅ Moving Averages: Price above SMA 50 ($182.50) & SMA 200 ($175.00) → Bullish structure
✅ MACD Weekly: Positive momentum, no signs of reversal
✅ RSI (Daily): 58 (neutral, room to run before overbought)
✅ Key Levels:
Support: $187.50 (recent swing low)
Breakout Level: $190.00 (confirmation of continuation)
Target: $211.00 (next major resistance)
📉 Fundamental Backing
✔ Revenue Growth: Strong sales & earnings growth (fundamentals support bullish bias)
✔ Debt-Free: Zero debt (financial flexibility)
✔ Valuation: P/E 28.97 (slightly high but justified by growth)
🎯 Trade Execution Plan
🔹 Entry: Wait for confirmation above $190.00 (break & retest ideal)
🔹 Stop Loss: Tighten to $185.00 if price moves favorably
🔹 Take Profit:
TP1: $200.00 (partial profit)
TP2: $211.00 (full exit)
⚠️ Risk Considerations
Market-wide pullback could trigger stop loss
High P/E makes it sensitive to sector rotations
Monitor earnings dates for volatility
📌 Final Thought: TXRH is a high-quality stock with strong fundamentals and technicals. A break above $190 opens path to $211 with solid R/R.
👍 Like & Follow if you found this useful! Drop your thoughts below. 👇
#TradingView #PositionTrading #Stocks #TXRH #TechnicalAnalysis #Investing
🎯 Entry Zone: $190.00 - $191.07 (Ideal entry near $191.07)
⛔ Stop Loss: $181.57 (-5% risk)
🎯 Take Profit: $211.00 (+10.4% upside)
📊 Risk/Reward Ratio: 1:2+
🔍 Why TXRH?
📊 Technical Analysis
✅ Trend: Strong weekly uptrend (higher highs & higher lows)
✅ Moving Averages: Price above SMA 50 ($182.50) & SMA 200 ($175.00) → Bullish structure
✅ MACD Weekly: Positive momentum, no signs of reversal
✅ RSI (Daily): 58 (neutral, room to run before overbought)
✅ Key Levels:
Support: $187.50 (recent swing low)
Breakout Level: $190.00 (confirmation of continuation)
Target: $211.00 (next major resistance)
📉 Fundamental Backing
✔ Revenue Growth: Strong sales & earnings growth (fundamentals support bullish bias)
✔ Debt-Free: Zero debt (financial flexibility)
✔ Valuation: P/E 28.97 (slightly high but justified by growth)
🎯 Trade Execution Plan
🔹 Entry: Wait for confirmation above $190.00 (break & retest ideal)
🔹 Stop Loss: Tighten to $185.00 if price moves favorably
🔹 Take Profit:
TP1: $200.00 (partial profit)
TP2: $211.00 (full exit)
⚠️ Risk Considerations
Market-wide pullback could trigger stop loss
High P/E makes it sensitive to sector rotations
Monitor earnings dates for volatility
📌 Final Thought: TXRH is a high-quality stock with strong fundamentals and technicals. A break above $190 opens path to $211 with solid R/R.
👍 Like & Follow if you found this useful! Drop your thoughts below. 👇
#TradingView #PositionTrading #Stocks #TXRH #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.