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IvanLabrie
May 10, 2017 8:07 PM

TTM: Tata Motors looks like a YUGE bottom here 做多

描述

I like this company, and it is trading at a discount now. Valuation is good, although not the best, but since it is so washed out, and autos are likely to gain traction, it is a good chance to pick up some shares and gain exposure to it. Risk $1.8 down, to make more than $3-5 on it over the next 3 months.

Good luck,

Ivan Labrie.

评论

Buying at the open was an instant win...adding more gradually.

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Nice action here, let's see how it manages the resistance above.

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Acting well overall, aiming for 35.69 at least.

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Yuge...indeed.
This could be a gigantic breakout in TTM

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Trailed stops to 36.44 and doubled longs shortly after the open.
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patterntrader
Top-notch trade setup. I have to confess that charting is a skill. Hope things transpire well. Continue your good work and thanks for sharing it.
IvanLabrie
@patterntrader, thanks, and best of luck!
JRFreeze
Good time to get back into TATA? Back to the 32.6 resistance...
IvanLabrie
@RJHumphries, I was wondering that but I would rather see some buyers step up here first. Same with TM and HMC.
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