$TGI Breaking Out?

$NYSE:TGI I have had my eyes on this one since the big volume breakout on December 21st. I did not want to chase it, so I have been waiting for a pullback and re-breakout. I have that this morning. See chart for notations.

I started a one third size position here with a stop on any close below the breakout trendline.

Ideas, not investing / trading advice. Comments always welcome. Thanks for looking.

ملاحظة

$NYSE:TGI Not cooperating with my idea. I'm going to give this some room to the end of the day to see if it recovers (assuming it does not fall too much further, in which case i will cut my losses).

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$NYSE:TGI Closed yesterday just a few cents above my stop. It's not acting as well as I would like but it is still open. I have moved my stop to a hard stop just below today's low. Let's see what happens.

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$NYSE:TGI got an upgrade to BUY this morning from BofA with a price target of $21.
I have added to bring this up to a 3/4 sized position.

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$NYSE:TGI I have no idea why this has taken off this morning. Sometimes it's just great to be lucky!

تم إغلاق الصفقة يدويًا

$NYSE:TGI Powell did not help me out on this one. I have closed it out for a a nice but not great profit. It will go back on my watchlist as I think it could go. Needs to set-up again.

ملاحظة

$NYSE:TGI If you took this trade, I hope you sold pre-earnings release. This is a reason why I do not usually hold thru earnings. This would have blown right past a reasonable stop loss!

Brent_Calver

Ideas I publish are my own. They are not meant to be investment / trading advice. You are encouraged to do your own due diligence.

I am under no obligation to post any action or update to any idea.

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Brent_Calver

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