TRXC TransEnterix is a small healthcare instrument supply company, the fundamentals are not great but its starting to show some great signs, with it appearing to be
- breaking out of a down trend from October
- printing a formation since February
- breaking out of a smaller descending for March
- 20 crossed above the 50
Given all the factors I'm hoping we can gather support through the .23 retracement and eventually work its way back to the .618
Overall this seems like a cheap play and could be fun to watch over the coming weeks.
Not advice - happy Monday
Handle forming nicely - looking for breakout soon!
Breakout happened! Lets go TRXC
If TRXC breaks through 2.10-2.12 I'm looking to take some profit near 2.30
Solid accumulation going on here. Past few days have shown solid buying strength after starting the day off low and ending high. With higher lows forming along side a rising MACD I'm feeling very strongly on TRXC