TGS – Long Setup | Swing TradeTGS presents a well-defined risk/reward long opportunity within a broader structural context, offering a favorable swing setup.
🔹 Fundamental Context:
TGS shows solid underlying fundamentals, providing directional support and reducing downside risk during normal price fluctuations.
🔹 Technical Structure:
Price is attempting to stabilize after a corrective move. The proposed entry is positioned near a key support zone, allowing for a clearly defined invalidation level.
🔹 Trade Logic:
This setu
In-depth trading ideas
TGS (TGS Ltd.) – Breakout Play with Strong Upside Potential🚀 Trade Idea: TGS (TGS Ltd.) – Breakout Play with Strong Upside Potential
📈 Entry: $29.90 (Breakout above resistance)
🛑 Stop Loss: $26.30 (Below key support & SMA-50)
🎯 Take Profit: $37.13 (~24% upside, near next resistance zone)
📊 Risk-Reward Ratio: 1:3 (Favorable setup)
🔍 Analysis Breakdown
📊 Technical Setup
Trend: Daily trend is consolidating, but 4H/1H show bullish momentum.
Key Levels:
Support: $26.30 (SMA-50 & recent swing low).
Resistance: $30 (psychological level, previous highs).
Good setup!Poor earnings but good technical setup. So this is less favorable
Reasoning
Drop down to 2 hour timeframe and you will see that Elliott wave is done
This stock has bad earnings so that is a minus
4D RSI is testing moving average support
Great relative strength
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
- Add on new highs after a pullback. (Then raise stop to keep original risk and also
Touched the 0.618 and quickly bouncedI think this stock is among the most interesting in Argentina.
In spite of the economic crisis now, it's one of the few that keeps its fundamentals almost the same.
MACD still not there.
All MA over our heads, so we have a nice path until strong resistances.
However, it's definetely a nice area to buy.
Looked how it held there not so long ago.
















