$TRXC reaching new support with Q3 Bull run
TRXC has been on a tear since the news that TransEnterix expects to make 3 more sales of their Senhance devices by the end of Q3 and higher sales in Q4. From the graph, we see that it was able to break past the $5.50 Resistance pretty easily last week, and now it seems to be looking for a new support line. I suspect it will hit resistance again around $6.00-$6.10, so look for either a breakthrough this week or failure back down to $5.60 again. I am fairly new to the TA game, and I would love to learn other opinions and thoughts to increase my trading knowledge.
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