Trade Idea: TRMB (Trimble Inc.) - Swing Trade Setup

📈 Direction: Long
🎯 Entry Zone: $75.80 - $76.20 (Optimal entry near $75.92)
⛔ Stop Loss: $71.00 (-6.5% risk)
🎯 Take Profit: $85.64 (+12.8% upside)
📊 Risk/Reward Ratio: 1:2

🔍 Why TRMB?
📊 Technical Analysis
✅ Trend: Strong daily uptrend (higher highs & higher lows)
✅ Moving Averages: Price above SMA 20 ($72.47) & SMA 50 ($68.65) → Bullish momentum
✅ MACD: Positive crossover on daily chart, bullish momentum building
✅ Volume: Increasing volume on upward moves confirms buying interest
✅ Key Levels:

Support: $74.80 (previous resistance turned support)

Resistance Break: Clearing $76.00 opens path to $85.64 (next major resistance)

📉 Fundamental Backing
✔ Revenue Growth: Strong Net Income Growth (fundamentals support bullish bias)
✔ Valuation: Fair P/E ratio (12.34), no extreme overvaluation
✔ Debt Health: Low debt-to-equity (0.24), strong interest coverage

🎯 Trade Plan
🔹 Entry: Wait for confirmation above $75.80-76.20 (break & retest ideal)
🔹 Stop Loss: Tighten to $73.90 if price moves favorably to lock in profits
🔹 Take Profit:

TP1: $80.00 (partial profit)

TP2: $85.64 (full exit)

⚠️ Risk Considerations
Market-wide pullback could trigger stop loss

Earnings/News volatility (check upcoming events)

If price fails to hold $74.80, reassess thesis

📌 Final Thought: TRMB shows a strong technical breakout backed by decent fundamentals. A swing trade to $85.64 offers a solid R:R.

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