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).

Indicators:

MACD (4H): Bullish crossover, supporting upside.

RSI (Daily): ~65 (neutral, no overbought signal yet).

Volume: Increasing on upward moves (confirms interest).

💰 Fundamental Backing
Strong Revenue & Earnings Growth (See previous analysis).

Undervalued Metrics (P/B, P/S) suggest room for expansion.

Low Debt (Score: 10/10) reduces downside risk.

🎯 Why This Trade?
✅ Breakout Play: A close above $30 confirms bullish continuation.
✅ Strong Fundamentals: Earnings growth supports higher valuation.
✅ Low-Risk Entry: Tight stop below support.

⚠️ Key Risks:

Failure to hold $30 could lead to retest of $26.30.

Market-wide pullback could delay momentum.

📉 Trade Management
Add-on: Consider scaling in above $31.50 (confirmation of trend).

Trailing Stop: Move SL to $28.50 after hitting $33.

📌 Final Thought: TGS has strong upside potential if it breaks $30. The 1:3 R/R makes this a high-conviction trade.

👨‍💻 Let me know your thoughts in the comments!

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Disclaimer: Not financial advice. Do your own research before trading.