$TGLS High Base Breakout

$TGLS has been a busy stock on earnings beat and upwardly revised revenue guidance. I missed the entry on this around $31 and don’t want to chase as it has nearly doubled in the last few weeks. However, I am putting it on my watchlist to see how it behaves over the next few sessions. I’d like a pullback to around the $30 area and hold. If so, I’ll consider taking a position. See my notes on chart. Ideas, not investing / trading advice.

Tecnoglass (TGLS) reported 3rd Quarter September 2022 earnings of $1.01 per share on revenue of $201.8 million. The consensus earnings estimate was $0.71 per share on revenue of $168.4 million. Revenue grew 54.7% on a year-over-year basis.
The company said it expects 2022 revenue of $680.0 million to $700.0 million. The company's previous guidance was revenue of $620.0 million to $640.0 million and the current consensus revenue estimate is $634.43 million for the year ending December 31, 2022.
Tecnoglass Inc manufactures hi-spec, architectural glass and windows for the global residential and commercial construction industries.