NASDAQ:TTMI TTMI has been moving sideways for the last 2+ months forming an ascending triangle chart pattern that looks set to make its breakout next week. Chart pattern price target indicated on the chart.
Harmonic Trend analysis in a monthly chart shows that TTMI will fall first to 12.85 (Buy)which it did and Sell at 16.98.
2nd buy at 8.61 and sell at 13.75. Reading the history helps in next moves.
News: No news anymore for a while. Beginning of August they were punished because earnings were not what the general public expected it to be. They were very good though.
Observations:
Weekly: Price dropped very steep at first but has lost momentum the last 2 weeks and has hit support (horizontal and descending)
Daily: Price put in a green candle despite the...
If TTMI is able to consolidate and find a bottom down here at this lower trendline I would expect the price per share to move up and 'fill the gap' to $17, at least. This probably won't happen all in one push, but if price is able to push above the middle Bollinger Band on the daily chart and stay there, confirmed with a MacD cross then I would definitely expect a...
From a technical standpoint, Here are the positives for-TTMI:
1. Currently multiple buy Fractals (highlighted in green box).
2. The top upper indicator is a 34 day moving average, and this is positive. Very strong.
3. The alligator is waking up and should feed in the uptrend.
4. Prices are trading above the Ichimoku Cloud.
5. The Forward Momentum indicator...
Since I published "picking entry points" several hours ago before the market opened-TTMI has surged to an 18% gain in today's trading.
Here is what I wrote:
The chart above is for-TTMI. I have been long this stock many times.
For stocks or assets that are trending, look for entry points along some sort of repeating cycle.
Above, TTMI-had a draw-down, but if you...
The chart above is for-TTMI. I have been long this stock many times.
For stocks or assets that are trending, look for entry points along some sort of repeating cycle.
Above, TTMI-had a draw-down, but if you look at the top three indicators, they are all strong.
TTMI-tends to follow the alligator higher, with the lows coming at the blue line, the alligator's...
TTMI-Part 2.
If you examined TTMI-Part 1 you would see a solid up-trend (daily chart).
As you can see on this 30 minute chart, TTMI-jumped at the open and is quite strong.
Why?
This happens because if the primary trend is up, the shorter term trends have a tendency to "jump".
Investors that do not have positions are waiting for logical entry points.
Position...
