Jrussell86

reversal breakout confirmation

Long
AMEX:TRXC   None
gap up this morning w/ 2nd daily hammer confirms bullish breakout. Price target: 3-3.8 w/in <2 weeks. After bouncing off important Fib area at 1.82 and crossing daily fib time series, the MACD signal line crossing up right below the 0 line, meaning it will breakup into + territory, the squeeze momentum indicator also becoming less negative very quickly.
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