TSSI: breakout watch

Sep 11

Alot of things starting to look good on the weekly and really like the space. RSI and Williams% starting to tick higher, volume shelf which coincides with the support/resistance flip zone being tested, hammer candle at the trendline last week and a theme thats 'in play'. MACD could look better although the histogram is narrowing. Expect some rightward chop before a break above SR/volume shelf. It's early, so just a starter position.

Also, doesnt seem to be on many radars.

Sep 16

Note

Not a pretty move but volume wasnt really crazy and no news. Chart is morphing into a head and shoulders bottom (Aug 20th and Today being left and right shoulders). Still building a position, but slowly as this chop was expected. Will stop myself out on a daily close below 13.88, which isnt far away.

Sep 17

Note

Full sized. LFG

Sep 18

Trade active

needs to get through neckline at 16.20ish... head and shoulders resolves at target 20.50ish. if smallcap/rate cut momentum continues I think this could push to 30. stop still a daily close below 13.88. trade set.

Sep 22

Note

Beautiful move today. a close above 16.88 firmly takes out pivot swap from aug highs.

Sep 22

Note

sold 1/3. holding the rest for 20+

Sep 24

Note

adjusting my stop up to neckline. todays sell off was healthy - very low volume/held anchored vwap from aug. nothing wrong here.

Oct 7

Note

sold another 1/3. riding the balance

Oct 7

Trade closed: target reached

sold the rest. thanks for playing.

Oct 27

Note

head and shoulders top setting up. I dont short stocks, but will be interesting to watch for the next couple weeks.