TH trade ideas
Long THConsolidation looks done.
Earnings are great
Elliot wave seems done
Goal is about 2.5R (3.5ATR(21EMA)). Risk is about 1.5ATR
Risk management is the most important.
$TH: Strong trend with low riskTarget Hospitality is a company that provides modular accommodations and services for various industries, such as energy, government, and construction. The company has a large share of its revenue coming from government contracts, which are long-term and stable sources of income. The company has recently secured a government contract with a minimum value of $575 million, which accounts for about 73% of its expected 2022 revenue. The company also raised its full year 2021 financial outlook by 7% for revenue and 9% for adjusted EBITDA, reflecting strong customer demand and cash flow generation.
It has a diversified customer base across different sectors and regions, reducing its exposure to any single market or customer.
It has high barriers to entry due to its scale, network, quality, and safety standards, giving it a competitive advantage over other providers of modular accommodations.
It has a strong balance sheet with low debt and high liquidity, allowing it to invest in growth opportunities and withstand any market volatility.
It has attractive valuation metrics compared to its peers, such as price-to-earnings ratio (P/E), price-to-cash flow ratio (P/CF), and enterprise value-to-EBITDA ratio (EV/EBITDA).
It benefits from macro trends such as increased government spending on infrastructure projects, defense initiatives, border security, disaster relief, and environmental protection. These trends could boost the demand for Target Hospitality’s services and create new opportunities for expansion.
Last but not least: the weekly and monthly chart are trending up steadily and it was exhibiting relative strength during recent market weakness.
Best of luck!
Cheers,
Ivan Labrie.
#TH Target Hospitality cup and handleLong period from June 2019 previous high forming top of cup and then handle forming, now break out except to move higher and higher.
TH -- Long--Form a flag pattern with inside W for support/base
--Closed green at middle of 21 ema
--Total break out from flag, would reclaim the 21 ema
--MACD show entry, RSI above 50
--Cut loss below 21 and 50 ema(s)
--3:1 gain ratio at first target
--Avoid choppy price action
--See chart for detail
TH , LONGTH , one of the stocks making all time highs and trading above its GLB line . Gave us a nice wedge pop to manage risk from on Friday and good chance that it will turn in to a wick setup for Monday . Could also completely fail and breakdown but I think odds favor bulls here . (
End of day Friday entry
Entry 13.71
Stop 12.48
PT1 - 14.92, sell 1/4 , stop up half
Pt2 - 16.13, add mode starts ...
TH at all time high Breakoutduring the summer travel vacation season showing MA divergence
and maximum relative volume. Looking to take stock trade
also options a week before earnings.
Target Hospitality - TH
Consumer services
Hotels/ Resorts
USA
Target Hospitality Corp. operates as a specialty rental and hospitality services company in North America.
Target Hospitality long setupTarget Hospitality - TH
Consumer services
Hotels/ Resorts
USA
Target Hospitality Corp. operates as a specialty rental and hospitality services company in North America.
- High volume in stock
- Crossed 200 EMA
- Higher outlook for Q2
- Next earnings date - 16 Aug 2022
TH SELL +++ 75 PE lol, hospitality stock way overbought and overvalued here. Sold short 1,000 shares @ $11.30 will add every $1 increase in share price
Longing Target Hospitality. THA very flat B, Fib time approaching explosive. This might be a bigger upgoing zigzag forming. If this is so, we are drawing three goals. Momentum seems upgoing, but that is to be expected given that latest bump.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in green with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe!
TH Setting UpExplosive looking small cap setting up here. I took a cheater entry this morning on the mini flag break. Will look to add if it cap break above the highs.
TH: Bullish Pennant (57%), Ascending triangle (95%)Primary Target (short term):
Bullish Pennant (57%)
PT = 5.42$
Secondary Target (Long term):
Ascending triangle, awaiting confirmation (95%)
PT = 4.67$, lower than primary.
TH Massive VolumeAdding TH to Focus List.
Insane Volume
Found with Unusual Volume Market Scan.
finviz.com
Target Hospitality Corp ON BREAKOUT WATCH above 200maTarget Hospitality Corp. engages in the provision of rental accommodations with premium catering and value-added hospitality services. It operates through the following business segments: Permian Basin, Bakken Basin, and Government. The Permian Basin segment operates facilities in the Permian Basin region and communities in Texas and New Mexico. The Bakken Basin segment reflects the facilities and operations in the Bakken Basin region and communities in North Dakota. The Government segment includes facilities and operations of the family residential center and support communities in Dilley, Texas. The company was founded by Brian Scott Lash on July 12, 2017 and is headquartered in Woodlands, TX.
