Keep an eye on RSI here though.
Constantly I repeat that I not publish a stock symbol twice, but the method that I use for pick stocks is always the same because I not flip from one method to another, trying to find the Holy Grail. Because I already took my years of deliberate practice and did not publish during that time. Only practice and training. In other words, if the reader looks at my...
Trade Idea: Buy TDC on a break above the $32.39-33.42 zone with stops at $30.04.
Be aware of the short interest.
ENTER 28.33 STOP 28.84 TARGET 12.35
I published an idea on this a little while ago, with some minor modifications the formation still looks to be intact. Indicators show the stock to be nearing oversold territory. As an added bonus, a Morning Star Doji formed today, which would be confirmed with a gap up tomorrow. See the link to my original idea for more information.
Over the past year and a half TDC has formed what looks like a double cup and handle, where the handle for the first cup&handle formation is the cup for the 2nd cup&handle. Supporting Information: - Formation began with a large gap down from $36.12 to $33.03 on 8/6/15 - A strong resistance/support line (currently support) at about $30.70, which also constitutes...
Support at the level of complete correction increases the chances of a break up.
This trend line provides a strong support.