TX is near 36 which can soon prove to be a strong support level. Given strong fundamentals and good dividends it is worth giving a try. If all goes well I am potentially holding it for years. Market Cap - 8.18B Revenue - 17.15B Income - 4B Assets - 17.1B Operating cash flow - 2.72B
TX (Ternium SA), a steel producer. Hot sector now. Nice flag on weekly. Watch for a break of 45 for a potential swing trade to 56.70. I would not enter unless it breaks out of the channel or maybe if it tests 42 again. Stop loss at 41.50 Trade safe.
TX beat EPS but misses slightly revenue. But the companys has been doing well over the year. From technical side, TX is uptrend in the long term. Currently, it stays on strong support Risk area might me 4% from current price. Profit might get up to 20%.
This is not an investment advise . I simply share my at the moment ideas , tomorrow I might have different opinion. NYSE:TX Seems to encounter double rejection and heading down.
WATCHING $TX for Entry Target @ 41.96 ———— I will repost when it get’s closer (or if I take a position)if it goes that way and if it makes higher highs I’ll recalculate & repost with new entry.
My Watchlist For This Week: Buyable Dips: $LMND: $SNAP: $DKNG: $CRWD: $DIS: $NIO: Breakout Plays: $CCL: $ELAN: $UPST: $CHX: $CLVT: $RF: $TX: $WPM: I post these weekly, so like and follow for more :) Good Luck!
Here are some swing plays that I am considering this week. This is just a list of names that have a lot of potential and could surge to new highs soon. I may post on some of these throughout the week if I see a really good setup. I post watchlists like this one weekly, so like and follow for more :) Good Luck! My Watchlist: $FANG $FLL $GME $CEQP $DVM $TX $SQ
$TX hit a historic zone recently and pulled back on low volume. This could mean that we are headed much higher. Like and follow for more :) Good Luck!
Here are some swing plays that I am considering this week. These are just some names that have a lot of potential and could surge to new highs soon. I may post on some of these throughout the week if I see a really good setup. I post watchlists like this one weekly, so like and follow for more :) Good Luck! My Watchlist:...
Here are some breakout plays that I am considering this week. These are just some names that have a lot of potential and could surge to new highs soon. I may post on some of these throughout the week if I see a really good setup. I post watchlists like this one weekly, so like and follow for more :) Good Luck! My Watchlist:...
Ternium SA ADR - Engages in the manufacturing and trade of steel products. The firm offers its products to construction, automotive, manufacturing, home appliances, packaging, energy, and transport industries. It operates through the Steel and Mining segments. The Steel segment include slabs, billets, and round bars; hot-rolled coils and sheets; bars and...
I think $TX shares are likely to benefit from increasing inflation and higher interest rates in their target markets, caused by the huge money printing and govt spending needed to survive the Coronavirus induced recession. As activity picks up, construction in these markets will be a very profitable endeavor, specially as real estate prices tend to go mostly...
I´ve expected TX to drop to the $20-s Level. Great entry point. based on a discounted free cash flow analysis, the stock is undervalued and really cheap. From a technical analysis this support was tested to make the next move higher.