Posted On: 01/19/2014 3:36:06 PM
Post# of 2561
TGTX Daily Chart ~ Another New High Set Last Week
Although I'm not in TGTX, I have a few friends that are and have been trading the stock since November. As one can see, the stock broke above the horizontal resistance line last week and began moving higher towards the MA200. It looks like a lot more upside is possible. Will the stock continue higher immediately or consolidate? No way I would know. There could be a two day consolidation as in late December, a three pullback as in early January, or a larger correction as was seen in mid November and again in early December. Remember, one never knows how far a stock might fall. So keep an eye on things and trade smart. GLTA
Although I'm not in TGTX, I have a few friends that are and have been trading the stock since November. As one can see, the stock broke above the horizontal resistance line last week and began moving higher towards the MA200. It looks like a lot more upside is possible. Will the stock continue higher immediately or consolidate? No way I would know. There could be a two day consolidation as in late December, a three pullback as in early January, or a larger correction as was seen in mid November and again in early December. Remember, one never knows how far a stock might fall. So keep an eye on things and trade smart. GLTA
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