TRXC was a great trade in 2018 after I had bought the long bull flag in 2017 and the consolidation into 2018. But a story stock is a story stock and this one’s story is that it would be a baby Intuitive Surgical (ISRG).
There are fundamental reasons to think that some day that may play out, but understand that at this time TRXC is about a million miles from being another ISRG or even a lesser ISRG. Please do DD on it if interested fundamentally. A lot will have to go right as they try to ramp up sales and production.
Ah but NFTRH+ only cares about charts, and this one says that TRXC has set a course for a gap fill at around 1.80. That area coincides with clear support at 1.76. Just something to put on radar if interested. The chart offers no upside target and a ‘stop loss’ could be at whatever point below 1.70 you might not want to hold TRXC’s bag. I’ll be looking at it as a potential lottery ticket hold if I get a fill in the 1.70s.
Click the chart for the full view showing the 2018 gap up we’re looking to fill.
A reminder that chart based NFTRH+ updates are technical trade setup ideas, which may not be revisited as the technical parameters are already noted. These updates are meant as a starting point for your further research if interested. I will not personally buy every item highlighted and will sometimes sell (ref. Trade Log) any item that I do buy below target (assuming I’ve not stopped out or sold for some other reason) as I often do. Also please be aware that I am not a fundamental stock analyst. Due diligence is your responsibility.
