Potential outside week and bullish potential for TPG

Apr 12

Entry conditions:
(i) higher share price for TPG above the level of the potential outside week noted on 10th April (i.e.: above the level of $4.23).

Stop loss for the trade would be:
(i) below the low of the outside week on 8th April (i.e.: below $3.94), should the trade activate.

Apr 19

Trade active

UPDATE (week ending 17-Apr): Trade activated on Monday, 13th April on moderate volume, so caution is advised. Also be mindful of the 150 day moving average which is hovering above the share price at the present time and may interfere with further share price appreciation.

Apr 25

Note

UPDATE (week ending 24-Apr): Solid price action this week, consolidating around the 150 day moving average and forming a higher low on the daily chart at $4.25 on Thursday. Charts suggest taking a small piece off the table for conservative traders/investors and raising stops to breakeven at the very least (i.e.: slightly beneath the higher low that has now formed). Congratulations on a terrific trade thus far.

May 2

Trade closed: stop reached

UPDATE (week ending 01-May): Depending on level of aggressiveness of the trader/investor, the price action decline exhibited this week may have led to stops activating following the collection of some profits last week. With the change in momentum occurring in the charts, not a bad thing at all. Congratulations on a terrific trade!