TTNP Daily Chart ~ Another Consolidation Box Forma
Post# of 2559
Posted On: 03/02/2014 4:11:23 PM
TTNP Daily Chart ~ Another Consolidation Box Formation
Link back to my Jan 19 chart and thoughts on TTNP. When the stock broke out of its previous consolidation box, the stock did, in fact, run to the .80/.90s that I thought might occur. TTNP ran outside the upper bollie to .84 over the next four days for a nice profit 25% for those that entered with me. What goes outside the bollie ALWAYS comes back in, and since then, the stock has retraced to the .60s into another consolidation box. I would play this one the same as before. The lower portion of the box should hold as support. The upper portion is .69, so there isn't much room to swing trade within the formation. If I enter, it will be on a break outside the upper level at .70-.72 for another potential run to .80/.90. A close over .84 and a test of .90-1.00 would probably happen. GLTA
Link back to my Jan 19 chart and thoughts on TTNP. When the stock broke out of its previous consolidation box, the stock did, in fact, run to the .80/.90s that I thought might occur. TTNP ran outside the upper bollie to .84 over the next four days for a nice profit 25% for those that entered with me. What goes outside the bollie ALWAYS comes back in, and since then, the stock has retraced to the .60s into another consolidation box. I would play this one the same as before. The lower portion of the box should hold as support. The upper portion is .69, so there isn't much room to swing trade within the formation. If I enter, it will be on a break outside the upper level at .70-.72 for another potential run to .80/.90. A close over .84 and a test of .90-1.00 would probably happen. GLTA
(0)
(0)Scroll down for more posts ▼