CoryMitchell-CMT

TSL.TO Potential For Short-Term Pop if it Breaks Out

Long
TSX:TSL   TREE ISLAND STEEL LTD
Strong momentum in this stock recently. Has been consolidating. Watching for a breakout of the consolidation to the upside.

No position yet. Potential profit based on profit target is about 16%, although the reward:risk is weak at 1.7:1. That said, it is likely to be a relatively quick trade if it triggers.

Cory Mitchell, CMT
Stock and forex trading insights at tradethatswing.com/
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