$TS Weekly breaking out - 27 PTTenaris is in the Steel manufacturing and supply business. With the recent passing of the infrastructure bill it's no wonder we are seeing a weekly breakout here.
Looking for more continuation this week with a near term PT to the next line of resistance $27 zone. Love to see the EMA's opening up and MACD bullish cross for confluence.
I'm in NOV $25 calls, already up 166%. I think there's more juice this week. Let's see :)
Tenaris
Tenaris We are the leading manufacturer of pipes and related services for the world's energy industry and certain other industrial applications. Our manufacturing system integrates steelmaking, pipe rolling and forming, heat treatment, threading and finishing across 16 countries. We also have an R&D network focused on enhancing our product portfolio and improving our production processes. Our team, based in more than 30 countries worldwide, is united by a passion for excellence in everything we do.
4th quarter results have been released. Although financials are improving, I believe that price running too hot right now and is in need of a retracement soon. I have price testing up to $13/$14 dollars in a best case scenario. Looking for a possible put option for the short term. Need to witness price action on smaller time frame.
Let me know what you think!
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*not investing advice
TS - Tenaris. not so good mid term?what do you think about Tenaris?
this is weekly basis, could go to 220 easily.
Posible suba del 30%Analisis de Tenaris (TS)
StochRsi: Sobreventa
Macd: Cambio de Tendencia (Hacia el alza)
Indicardores: Alcistas
Proxima resistencia de relevancia: $340
De resultar cierto, adquiriendo a $262 seria posible lograr una ganancia del 30% en el transcurso de 2 meses a partir del día de la fecha.
BCBA: ERAR - Siderar long termToo risky Siderar? fundamentaly is good, Vaca Muerta and Macri will help but what about technical?
Momento clave para Tenaris $TSProceso bajista de corto plazo cerca de anular último swing alcista, tomando un más amplio notamos que está en un momento clave de definición en zona de POC, retrocesos probables de fibonacci y soporte de mínimos anteriores.
Ajusten SLs si están comprados y van a corto/mediano plazo y agarren pochoclos si están afuera. Seguimos a la espera de ver señales de reversion y salida alcista.
Notas:
El volumen es un poco alto para ser una corrección que no deba preocupar. Señal a tener presente.
Hoy perdió la EMA de 50.