NASDAQ:TMDX had solid earnings yesterday but good to look back and analyse how the stock behaves prior with an undercut and rally #UNR. You will noticed that the 21EMA crosses down the 50EMA and subsequently crosses up. From there, the 8EMA intersect together with the classic "PINCH" to rally. Though the earnings was a catalyst. Institutions would have some...
18% off all time highs. Held its EP gap from 7/11 on Highest Volume Ever. A couple days to tighten here would be ideal for a low risk entry close to the 10 EMA.
TransMedics Group, Inc.: Strong Q2 Performance and Ambitious Expansion Plans Exceptional Q2 Performance: TransMedics Group's Remarkable Growth: Achieving Record Revenues and Unprecedented Second-Quarter Turnover TransMedics Group, Inc. has demonstrated remarkable growth in its Q2 results, showcasing a significant 156% year-on-year increase in revenues. This...
TMDX the price brakeout the resistance line and now retesting it watch it closely.
Key level at $90.15, passing that area would clear any remaining overhead resistance and should set this up to run, tremendous sales numbers.
Publishing herewith my idea about TMDX using higher time frames
using some imagination on $TMDX (orange bars). Company not making money yet but that sales growth is behind this insane relative strength. For months while the market is in a bear, this stock is in its own bull cycle. RS 99 and almost 90 degree up. One to keep an eye on.
--Double bottom is form for a base/support --holding on the long bottom trend support --Risk: 14 days before ER --Could hit near target before ER --Would close position before ER in this market condition --See chart --Avoid choppy price action
TMDX: TransMedics Group, Inc. 2021-11-04 07:00:00 TransMedics Announces Positive Top Line Results From the U.S. Randomized OCS DCD Heart Trial
Bull and Bear case laid out. I may do an explanation later but too lazy right now. Watch ~38 for a pivot.
TRANSMEDICS (TMDX) is a classic $STUDY piece for swing traders. If you don't see it you need to learn it. Change your life. $TMDX
we have bounced off this support plenty of times in the past, great risk reward if we enter long with tight stop, long 29 stop loss 25.5 price target 38-45! goodluck :) please dont forget to like and follow if you like my ideas!
TMDX looks like a new low should complete the near term correction.
Bullish Flag, confirmed Pros: Descending volume during formation Volume at break out Golden cross in blue PPS above 50MA and 200MA RS above 0, but descending ATR Ascending R/R ratio above 6 250RSI above 50 200MA ascending Target: PT = 46.68$ Thank you to those who donate Coins! Stay Humble, have fun, make money!
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