NYSE:TGLS , LOOKING FOR A BREAK ABOVE FRIDAYS
HOD , 51.11 FOR A MOVE A TO $54! , RISK AT HOD 51 IF WE GET THE BREAK ABOVE !
IF WE GET A PULLBACK WOULD LIKE PRICE TO STAY ABOVE $50 AND BOUNCE! (BUY MODEL IN PLAY)
On Friday, July 7th, 2023, Tecnoglass Inc. stock price increased by 3.37%, moving from $49.21 to $50.87, with a daily fluctuation of 3.39% between a...
Reasoning
- Expanded Flat Elliot wave pattern seems done
- Correction is not overextended
- Good Relative Strength
- Great earnings
- 4D Composite is retesting its support
- Multiple Bullish Days
- Always try to use 2 timeframes
My Would Be Trade Plan
- Risk about 1.5ATR and aim to ride up to 4.5ATR (1:3)
- Raise stop once Trade moves 2ATR in your direction
-...
Tecnoglass Inc., through its subsidiaries, designs, produces, markets, and installs architectural systems for the commercial and residential construction industries in Colombia, the United States, Panama, and internationally.
Positive:
Revenue growth has been accelerating
Yields high return on invested capital
Strong earnings should allow management to...
Tecnoglass, Inc. is a holding company, which engages in the design, manufacturing, distribution, marketing, and installation of architectural glass, windows and associated aluminum products for the global commercial and residential construction market.
I'll keep this post brief. TGLS has a strong quantitative score at around 7 to 8, and awesome analyst prospects...
TGLS is preparing for a strong move on rising earnings.
Entering Advance Zone
TGLS has entered the advance zone after being dormant in accumulation for more than a year. Buying volumes are increasing every day, indicating massive accumulation by pro-investors. Further, it formed breakaway gap on the day of its quarterly earning results.
Earnings Growth...
$TGLS has been a busy stock on earnings beat and upwardly revised revenue guidance. I missed the entry on this around $31 and don’t want to chase as it has nearly doubled in the last few weeks. However, I am putting it on my watchlist to see how it behaves over the next few sessions. I’d like a pullback to around the $30 area and hold. If so, I’ll consider taking...
