Tecnoglass, Inc. is a holding company, which engages in the design, manufacturing, distribution, marketing, and installation of architectural glass, windows and associated aluminum products for the global commercial and residential construction market.
I'll keep this post brief. TGLS has a strong quantitative score at around 7 to 8, and awesome analyst prospects with strong buy and hold ratings. The ideas here are: 1. A potential short from 46.55 to 34.90, and 2. To buy TGLS long from the potential reversal zone, starting at 13.39 and hold until take profits. Sell half at 0.382 retracement and the other half at 0.618 retracement. Dividends pay +2% per share/year at 13.39 level. (I'd expect to hold this position for about a year) Gains are approximately 94.2% -152.8% at take profit targets. Cumulatively that's approximately 96.2% - 154.8%. Averaging those totals gives us approximately a 126% gain on this trade.
Good luck and trade safely!
I'll keep this post brief. TGLS has a strong quantitative score at around 7 to 8, and awesome analyst prospects with strong buy and hold ratings. The ideas here are: 1. A potential short from 46.55 to 34.90, and 2. To buy TGLS long from the potential reversal zone, starting at 13.39 and hold until take profits. Sell half at 0.382 retracement and the other half at 0.618 retracement. Dividends pay +2% per share/year at 13.39 level. (I'd expect to hold this position for about a year) Gains are approximately 94.2% -152.8% at take profit targets. Cumulatively that's approximately 96.2% - 154.8%. Averaging those totals gives us approximately a 126% gain on this trade.
Good luck and trade safely!
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I will come back to this idea and re-analyze. Price may descend from here, which means I will have to change the prz.