This stock moved up again Friday while the rest of the market was tanking..It has a beautiful technical chart..I was a little late recommending it originally on the TATRADER Gizzard thread at 9.50...
However, the pattern is 13.25 by 6.00...Neckline at 13.25..Gives us a technical target of 20.00 a share...MACD Histogram is on day 2 over the zero line..I have seen many spikes in the past on stocks that move to day 3 over the zero line..This one is preparing for a good sized spike...Volume levels have picked up significantly...
3 Day Volume=1,158,466
10 Day Volume=543,100
100 Day Volume=280,265
200 Day Volume=226,980
RS is sitting at 65 and still is not confirming an overbought condition with simple stochastic...Smoothed rate of change just did a reversal on Friday to 114.237 from 113.884...ADX has moved up last 4 days from 25,to 26, to 27, and Friday to 28....Yes, we could fizzle here and continue to make another right shoulder, but when this one moves to my 18-20 target it will take your breath away....
The other day I had two positions in TIE, entry at 11 3/4..Well, I set a protective stop that day on one of them at 12 1/4...Guess what the bums did the next day..Gapped the stock down to 12 1/16, took my shares and then moved it back up..This is war.....We have met the enemy and they will be ours....
Regards, Mark |
