Dauntless,
I've read your posts enough to know that you are a TXB bull, but you really ought to consider using <gg> (giggles) or TIC (tongue in cheek) signs when you post the absurd. There are always lurkers and posters new to S.I. who are sure to take you seriously if you don't give them any clue that you are joking.
You are joking, aren't you? <g>
Looking at the chart, 7 3/8 is the resistance level of our trend, which has been "up" at least since I got in at around 2 1/2 back in 1996. (You see, there really are some of us around who have been amply rewarded by an investment in TXB!)
However, before we can look forward, let me say that we are now at a very crucial point here on the l/t chart. It seems that the fundamentals and the technicals have reached a crescendo. We could easily return to ~6 before making one last push through resistance (somehow, though, I'm not planning on this, BYNK!). Or, we can reverse trend (a horrible thought that I can only leave to the likes of Wexler!). We could also just continue to consolidate before breaking out (this would probably mean that little move back to ~6). OK, well enough said. Here's the l/t chart:
quote.yahoo.com
We never can know for sure which way a stock will break, but I'm betting on UP, and if we get a break of 7 1/2 I have 11 targeted, conservatively.
(As always, just in my humble opinion (JMHO);)
Good luck to us!
E. Graphs |
