Technical Overview
TJX is currently trading around $126.72 and is forming a double bottom.
Breaking the 126$ activates the double bottom in the middle of a bull trend, which is a bull pattern inside another bull pattern, could you imagine a better moment to buy?
Fundamental Arguments
Consistent Growth: TJX has delivered steady revenue and earnings growth. For 2024, it reported $54.2B in revenue and $4.5B in net earnings, outperforming direct retail peers.
Strong Business Model: TJX's off-price retail is resilient, benefiting in uncertain consumer environments due to value-seeking behavior.
Expansion & Dividend Growth: The company continues to expand both domestically and internationally, recently raising its dividend by 13% and targeting projected store footprint expansion.
Trade Setup Idea
Buying the breakout is a great moment to see the price rallying at least a 3% until the take profits. A SL of 1,80% can be set up to avoid large loses if the price change the direction.
The idea gives a great risk reward ratio for traders and a very easy to understand entry and exit level.
💬 Does this setup align with your view on TJX?
🚀 Hit the rocket if this helped you spot the opportunity and follow for more clean, educational trade ideas!
TJX is currently trading around $126.72 and is forming a double bottom.Breaking the 126$ activates the double bottom in the middle of a bull trend, which is a bull pattern inside another bull pattern, could you imagine a better moment to buy?
Fundamental Arguments
Consistent Growth: TJX has delivered steady revenue and earnings growth. For 2024, it reported $54.2B in revenue and $4.5B in net earnings, outperforming direct retail peers.
Strong Business Model: TJX's off-price retail is resilient, benefiting in uncertain consumer environments due to value-seeking behavior.
Expansion & Dividend Growth: The company continues to expand both domestically and internationally, recently raising its dividend by 13% and targeting projected store footprint expansion.
Trade Setup Idea
Buying the breakout is a great moment to see the price rallying at least a 3% until the take profits. A SL of 1,80% can be set up to avoid large loses if the price change the direction.
The idea gives a great risk reward ratio for traders and a very easy to understand entry and exit level.
💬 Does this setup align with your view on TJX?
🚀 Hit the rocket if this helped you spot the opportunity and follow for more clean, educational trade ideas!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.