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Strategies & Market Trends : Ask Vendit Off-Topic Questions

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To: Venditâ„¢ who wrote (3490)1/4/2005 6:25:38 AM
From: Walkingshadow  Read Replies (1) of 8752
 
Tell me what you think of this one: TMTA. This is a stock that I traded earlier this year when it was in a nice trading channel, but then the breakout was to the downside.

I see a cup and handle on the 2 year weekly chart, with volume tapering off now, and Williams down to the zero line.

139.142.147.218

I am thinking a reversal at $1.50 is coming up in the not too distant future. That is chart support from 2003 that you can appreciate on the weekly chart, but is also chart support from September:

139.142.147.218

I am thinking this one bears watching, since it has found a bottom at $1.00, and has a lot of potential upside. What do you think?

T
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