Posted On: 06/24/2014 7:18:16 AM
Post# of 2561
$TEMN Daily Chart ~ Some Profit Taking and Consolidation
Although a bit disappointing with no follow through on Friday's move, it was expected as the majority of Monday's candle was outside the upper bollie. So some profit taking and consolidation was normal. TEMN did close just above the MA50. Should the stock hold that moving average for a few days, it would more than likely result in a strong move higher. If the stock pulls back, the middle bollie (MA20) at .0037 would be an important level to hold. In the meantime, many of us will continue to accumulate the stock for gains which I believe could see .03+ into August. TEMN has already booked $1.7 million in revenues this year. The launch of their product line in the near future will probably take the stock into the .01+ over the next couple of weeks. I'm liking this one, and our entries in the .003s, along with the two months of support there, should reward us with another multi bagger. GLTA
Although a bit disappointing with no follow through on Friday's move, it was expected as the majority of Monday's candle was outside the upper bollie. So some profit taking and consolidation was normal. TEMN did close just above the MA50. Should the stock hold that moving average for a few days, it would more than likely result in a strong move higher. If the stock pulls back, the middle bollie (MA20) at .0037 would be an important level to hold. In the meantime, many of us will continue to accumulate the stock for gains which I believe could see .03+ into August. TEMN has already booked $1.7 million in revenues this year. The launch of their product line in the near future will probably take the stock into the .01+ over the next couple of weeks. I'm liking this one, and our entries in the .003s, along with the two months of support there, should reward us with another multi bagger. GLTA
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