TMDX – Pennant Coiling for BreakoutTransMedics (
TMDX) has been consolidating inside a flag/pennant structure after a strong rally earlier this year. Price retraced cleanly into the 0.5–0.618 Fib zone and is now pressing against resistance near $126.🔑 Key Levels
Resistance: $126 (Fib 0.786) → breakout level
Upside Targets: $145 → $166 (Fib 1.236) → $179 (Fib 1.382 supply zone)
Support / Pivot: $113 (equilibrium & MA cluster)
Deeper Support: $98–100 (0.5 retracement)
📊 Setup Outlook
Break above $126 with volume = bullish continuation toward $145–166+
Rejection at $126 = possible retest of $113 or deeper liquidity at $98
Volume remains key – low during consolidation, needs expansion on breakout
⚡ Catalyst Watch: Strong demand for organ transplant technology + increasing revenue momentum could fuel upside if technicals confirm.
💡 Bias: Neutral → leaning bullish if $126 breaks with conviction.
#TMDX #Trading #Pennant #Breakout #FibLevels #VolanXProtocol #WaverVanir
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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.