TUES has fallen a long way over the last few years. I'm not great at reading financial statements - I think that last year's 10-K showed the picture in June as being pretty poor, but the 10-Q in December hasn't gotten any worse. This ascending triangle has been underway for a few months and made a false breakout down. Now it's near the apex, this week should show something interesting :-) The S&P Consumer Discretionary Bullish Percent Index is at 62 and in confirmed Bull Mode. If anybody reading this feels confident with reading the financial statements, have a look at their website and let me know what you see!
@thenerd, Today's 10% jump looked good but I think it's one of those 'flatter to deceive' moves. I'm not buying because the company's results are not encouraging and I don't see enough volume in today's move to indicate more upward momentum. Thanks for your note :-) Are you looking at any interesting stocks? Looking way ahead Fate Therapeutics may be one to keep an eye on, next year they have test results for a promising cancer drug, gotta keep that date in the calendar because if those tests are encouraging... I mean, look what happened yesterday with Arcadia BioSciences test results for their disease-resistant wheat, 230% up in two hours!
Alf_Alpha
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@germac, Holy smokes, i'll def look into it. this is the first stock i have jumped into in a over a year. I have come over from cryptos to try to the stock game while crypto has gone bear.
germac
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@thenerd, I got burnt with XRP and XLM, cashed out with losses around 70% in each of them. I'm hoping XRP will go up again because of the growing adoption of Ripple's payment network system (about 100 global banks and finance companies now) but I'll wait for a credible technical chart signal before buying back in! Keep an eye this year on TGB (canadian copper mines) and HLTH (profitable health provider in Texas and Arizona), they're cheap at the moment and could have substantial gains but again, timing is everything and now is too soon.
Alf_Alpha
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@germac, oh wow, sorry for your loss. It'll rebound eventually, everything just went up way too fast. I don't think it'll be a 2 year bear market like last time. I'll take a look at those now. I'm always down for help :)
Alf_Alpha
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@germac, HLTH looks decent just by looking at the 1 day chart. it broke out of the 2 yr down trend and appears to be accumulating.
germac
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@thenerd, The chart needs to show more to convince me that the down trend is really played out, greater volume at least, a stronger move would help too. I've heard that patience is important in this game :-)