Posted On: 01/19/2014 3:56:10 PM
Post# of 2561
TTNP Daily Chart ~ On Watch for Now
TTNP is in a channel trading formation since late December. This was the same level of channeling the stock was trading in back in August and September. There is a slight rising channel which began in late December. I'm probably going to play TTNP on a break above the upper channel line unless I hear of some fundamental news which would get me to jump in while it's still in this sideways pattern. There is a small gap to be filled between mid .60s and .72. Once that is filled, a move into the .80/.90s appears very possible but only after the MA50, 100, and 200 are taken out. There's a lot of resistance up ahead, and that's why I'm not too excited about jumping in at this time. GLTA
TTNP is in a channel trading formation since late December. This was the same level of channeling the stock was trading in back in August and September. There is a slight rising channel which began in late December. I'm probably going to play TTNP on a break above the upper channel line unless I hear of some fundamental news which would get me to jump in while it's still in this sideways pattern. There is a small gap to be filled between mid .60s and .72. Once that is filled, a move into the .80/.90s appears very possible but only after the MA50, 100, and 200 are taken out. There's a lot of resistance up ahead, and that's why I'm not too excited about jumping in at this time. GLTA
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