SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?


To: profile_14 who wrote (102019)6/3/2008 11:04:47 AM
From: chowder  Respond to of 206121
 
Yes, TSO is a stock where one could now use the Momentum Band strategy. TSO has more overhead resistance in its current price range than WNR did in its, which is why WNR's price movement was more explosive.

Nice move on TSO though!




To: profile_14 who wrote (102019)6/3/2008 11:15:14 AM
From: chowder  Read Replies (1) | Respond to of 206121
 
Profile had asked me about TSO a few days ago. He had already taken a position. He follows the fundamentals, I don't. To me, the technicals show me when the timing is right to buy or sell. For those who follow the fundamentals, they can get a better entry, but still get the timing down, like Profile did.

Based on the technicals, this was my analysis last week regarding TSO.

>>> I think you are in a good position with TSO. Earlier in the month we saw what looks like a climatic sell off and I am seeing some institutional accumulation in this price range. Buying volume has been very good. Price hasn't risen much to coincide with that buying volume, but we still have some overhead supply coming to market. Demand is absorbing that supply well so far. <<<

Message 24636487

Those who combine FA and TA should have even better results because of the timing which allows for better position sizing.