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Strategies & Market Trends : YEEHAW CANDIDATES -- Ignore unavailable to you. Want to Upgrade?


To: arnie silver who wrote (9570)7/20/2005 12:26:41 PM
From: Jibacoa  Read Replies (1) | Respond to of 23958
 
My largest holding is TGB been trading about a dollar or less for quite a while.

Arnie On June 2 the stock bounced from 0.91 to 1.08 on volume of 249,300 and the lowest since then was 0.93 on June 13 July 1 & July 6 (It went also over the $1 several times <g>)

It seems to have good support at 0.93 and nearest resistance at 1.02 If it can close above that level it should retest the June 17 H at 1.07 and the June 2 H at 1.08

The major resistance is above 1.24 all the way to the February H of 1.49 The stock may take some time to get off from its longer downtrend coming from the December 27 H at 1.85 I hope the Cu prices keep doing well. Ti just had a good spike recently, but I have not been playing with commodities lately.(Only on exceptional occasions when the orange juice price is right and a sudden change in the Florida wether seems to merit the risk. However even then the impact is not the same that it used to have,since Florida doesn't carry as much weight in that market any more.<g>)

RAGL

Bernard