PatternTrader0807

TRNX being squeezed. Possible breakout. #TRNX

Long
PatternTrader0807 Updated   
NASDAQ:TRNX   None
Looking at the MACD this stock update looks good. Volume looks good, MACD looks good.
A little concerned about open gaps, but the trend is good. 4 days of the same movement.
Might see a little retrace, but if it stays in the wedge and pops up past .39 it could be .50+
Comment:
We might see a gap down to .25 area this morning. If it holds .25 the trend continues.
Comment:
Just looked. Pre-Market says .47
Like FCEL these massive gaps up are going to smash down hard.
Comment:
Interestingly, still on the old trend line. I do feel another drop coming though.
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