Friday, May 26, 2017 9:44:26 AM
Good posts this morning thanks
Take a look at this LONG TERM MONSTER BULLISH CONTINUATION INVERSE HEAD AND SHOULDER PATTERN, THE STRONGEST PATTERN KNOWN TO MAN ALONG WITH THE CUP AND HANDLE.
http://ih.advfn.com/p.php?pid=chartscreenshot&u=60B7UYXiOuUBR783NpJu9WrQSUzOXUoH9mnicrI4Rfw%3D&kslash=s
We are in the PERFECT spot to buy FOR LONG TERM and over the past two days some very smart people have bought stock in this ticker. It is obvious. To buy at SUPPORT IS the only way smart money sets themselves apart from fearful lay buyers and sellers.
Lets look at SOME options in TTCM"
If you are in this for the short term and you are not a TECHNICAL ANALYST, you may find yourself getting whipsawed with every up day and down day. This is why an EXPERIENCED TA will look at the entire picture to make his or her LONG TERM decision in a ticker like TTCM. There is a reason...VOLUME and I will not get into all reasons VOLUME is the most important INDICATOR next to the chart pattern to help you make a buy and sell decision.
If you are a swing trader, TODAY might be a BUY day to hold for a few days as you LOOK FOR CONFIRMATION of WEDNESDAYS reversal. It certainly would NOT be a sell day. If you are a swing trader and you sell TTCM today after buying higher (unless you bought two days ago at the beginning of the day) then you are a swing trader with less than mediocre abilities.
If you are a scalper and you want to go long or short for the moment, then today is not a day to go long and WEDNESDAY was the day to short. As it stands, either way, you would not do very well as a scalper on this ticker. The biggest reason is that as a scalper, if you really are a scalper, you will set "LOSS" points to bail out. Thus, there have been so many PENNANTS formed on this past SHORT TERM down trend that you would be "reversed out" for losses the entire time. HORRIBLE!!!
In my view, this ticker has one quality in the TA realm. That is the LONG TERM PATTERN. If you are a long term investor, the CONTINUATION BULLISH INVERSE HEAD AND SHOULDER PATTERN is the B E A S T pattern that you look for and you found it here. Therefore, if you are going to try to parse out the company point by point news point by news point and all that, you will confuse the matter at hand.
PLAY THE LONG TERM PATTERN. This will be the most reliable play in this ticker. I hope this helps.
PEACE
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