First off let me start by saying I am hardly a technician. My interest here to publish this idea is more for my own learning. Since buying some of Bulkowski's books, I have recently begun to delve into the technical realm. In other words, don't put any great amount of faith in my work, and certainly don't use any real money based on my prediction. I just hope you find this chart useful.
O.K., I am currently long TROV and have maintained a core position for some time. When I saw what I thought was a golden cross on the daily chart, I started looking for other indicators. The oversold condition looks good, but, I think the fun might start if the stochastic momentum lines cross and volume spikes.
It seems that TROV has been trading around that 5-6 dollar channel for a while so this prediction might not be too much of a stretch. I think the last time I saw a golden cross on TROV though we ended up trading around 13. I like the company enough to keep as a long term hold and I think good news will continue to flow. I am keeping some position here as my little way of saying #fcancer
We know how volatile politics has made this sector, so be careful. Thanks for looking!
P.S. Thanks to Drat and Lazy Bear for the cool stochastic momentum index indicator. Much appreciated.
O.K., I am currently long TROV and have maintained a core position for some time. When I saw what I thought was a golden cross on the daily chart, I started looking for other indicators. The oversold condition looks good, but, I think the fun might start if the stochastic momentum lines cross and volume spikes.
It seems that TROV has been trading around that 5-6 dollar channel for a while so this prediction might not be too much of a stretch. I think the last time I saw a golden cross on TROV though we ended up trading around 13. I like the company enough to keep as a long term hold and I think good news will continue to flow. I am keeping some position here as my little way of saying #fcancer
We know how volatile politics has made this sector, so be careful. Thanks for looking!
P.S. Thanks to Drat and Lazy Bear for the cool stochastic momentum index indicator. Much appreciated.