Posted On: 03/09/2014 9:41:38 PM
Post# of 2561
TTNP Daily Chart ~ Breaking Out of Its Second Consolidation Box
TTNP saw the stock break out of its second consolidation box on Thursday and Friday. Link back to the post I'm responding to for my March 2 comments and chart. The break above .69 resulted in a quick move to .819. Problem is, TTNP is way outside the upper bollie. So those that sold for a quick swing trade from the mid .60s into the .80s made out well again with gains of approx 30% over a couple of weeks. The FullSto is in slightly overbought territory and the MACDs are suggesting more upside. I'm not saying the stock won't move higher, but what's outside the bollies always comes back in. And there's nothing wrong with yet another successful swing trade. A break and close above the previous high of .84 would be a good sign that TTNP will be attempting to trade into the .90s. GLTA
TTNP saw the stock break out of its second consolidation box on Thursday and Friday. Link back to the post I'm responding to for my March 2 comments and chart. The break above .69 resulted in a quick move to .819. Problem is, TTNP is way outside the upper bollie. So those that sold for a quick swing trade from the mid .60s into the .80s made out well again with gains of approx 30% over a couple of weeks. The FullSto is in slightly overbought territory and the MACDs are suggesting more upside. I'm not saying the stock won't move higher, but what's outside the bollies always comes back in. And there's nothing wrong with yet another successful swing trade. A break and close above the previous high of .84 would be a good sign that TTNP will be attempting to trade into the .90s. GLTA
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