649bruno
Long

Trending Now: TTMI, Daily, Rules Of Engagement, Part 1

NASDAQ:TTMI   TTM TECHNOLOGIES INC
20 0 3
A stock that shows strength in a daily interval is one that will usually keep climbing, even in market turbulence. Examine-TTMI.
TTM-Technologies, Inc. is a manufacturer of printed circuit board (PCB) products and is focused on technologically advanced PCBs and electro-mechanical solutions (E-M Solutions). The Company operates approximately 30 specialized facilities in the United States, the People's Republic of China (China), Canada and Mexico.
Look at your stock/ asset portfolio and determine if any of your holdings suffered severe technical damage in market declines.
It really isn't a stock market , it's a market of stocks . Strong stocks are worth investing in.
There are strong stocks . One such stock is-TTMI.
From a technical standpoint, Here are the positives:
1. Currently multiple buy Fractals.
2. The green shaded area below CHOP is the CHOP ZONE. This has been strong (up) since early July.
3. The alligator is feeding in the uptrend.
4. Prices are trading above the Ichimoku Cloud .
5. Prices are trading above the thick red Ichimoku Cloud conversion line.
6. Prices are trading above the Ki jun-Sen baseline of the Ichimoku Cloud and this has been HEADING HIGHER.
7. The Forward Momentum indicator (top middle) is strong. **
8. The Ichimoku Cloud is rising.
9. The moving average trend line is rising.
In my opinion, TTMI-is in a solid uptrend. Very strong. I would hesitate to throw the baby out with the bath water....
(a.k.a. sell everything just because the broad market declined).

** For an estimation of possible FORWARD TRENDING I use the Ichimoku Cloud Senkou Span A (Leading Span A): (Conversion Line + Base Line)/2)). This is the midpoint between the Conversion Line and the Base Line. The Leading Span A forms one of the two Cloud boundaries. It is referred to as "Leading" because it is plotted 26 periods in the future and forms the faster Cloud boundary. I then make an oscillator out of this and plot the progress up and down around a “zero line”. Currently the forward projection is strong, in the top of the zone.
I HAVE THE RESULTS OF THESE CALCULATIONS IN THE TOP LOWER INDICATOR.
These are some of the Rules of Engagement for a daily chart . I will now show you what this looks like on a 30 minute chart.
Please go to TTMI-Part 2. Don.

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