TTWO Daily Chart ~ Keeping an Eye on a Break and C
Post# of 2561
Posted On: 11/02/2013 9:28:16 PM
TTWO Daily Chart ~ Keeping an Eye on a Break and Close Over 18.23
A few friends are asking me to post some of the Big Board stocks that I'm following. Since the larger caps don't fluctuate nearly as much as the penny stocks, I'll post those larger stocks I'm trading just every week or two. Most everyone that I speak with daily isn't swing trading the big boards although using the charts for calculated entries and exits can yield nice returns for the more conservative funds.
TTWO is one I'm holding in the high 16.00s to low 17.00s for the last couple of weeks after a double bottom was put in. The set up is similar to the double bottom earlier in the year. I've also noted the declining tops line which is currently sitting at approx 18.00. A move over that level and a close over the recent top at 18.23 would signal a possible move to the mid to high 18.00s. I'm hoping for a breakout above 19.25 for a blue sky run as it would be a multi year breakout. Although I entered before the FullSto and MACDs have crossed to the upside, it's not as critical, imo, as it is with penny stocks. With the big boards, I tend to follow many more indicators than just the FullSto and MACDs.
A few friends are asking me to post some of the Big Board stocks that I'm following. Since the larger caps don't fluctuate nearly as much as the penny stocks, I'll post those larger stocks I'm trading just every week or two. Most everyone that I speak with daily isn't swing trading the big boards although using the charts for calculated entries and exits can yield nice returns for the more conservative funds.
TTWO is one I'm holding in the high 16.00s to low 17.00s for the last couple of weeks after a double bottom was put in. The set up is similar to the double bottom earlier in the year. I've also noted the declining tops line which is currently sitting at approx 18.00. A move over that level and a close over the recent top at 18.23 would signal a possible move to the mid to high 18.00s. I'm hoping for a breakout above 19.25 for a blue sky run as it would be a multi year breakout. Although I entered before the FullSto and MACDs have crossed to the upside, it's not as critical, imo, as it is with penny stocks. With the big boards, I tend to follow many more indicators than just the FullSto and MACDs.
(0)
(0)