| Followers | 520 |
| Posts | 40228 |
| Boards Moderated | 21 |
| Alias Born | 09/16/2007 |
Sunday, March 20, 2011 5:40:59 PM
TDGI weekly.
Seems like waiting/consolidation. The previous chart held the pattern trendlines as expected. Now it's just a waiting game. My guess is you have to flush out the sell orders at the UBB since traders are using it as a price objective. (As they should, that's usually a sound trading method and healthy since it allow a slower turnover of shares compared to a massive spike and selloff a'la EVCA style. So, the previous chart is expired although the lines held about right. Here's the weekly for thoughts.
Note, the green line is treated as a pattern support -- hence, it's critical.
Seems like waiting/consolidation. The previous chart held the pattern trendlines as expected. Now it's just a waiting game. My guess is you have to flush out the sell orders at the UBB since traders are using it as a price objective. (As they should, that's usually a sound trading method and healthy since it allow a slower turnover of shares compared to a massive spike and selloff a'la EVCA style. So, the previous chart is expired although the lines held about right. Here's the weekly for thoughts.
Note, the green line is treated as a pattern support -- hence, it's critical.
Join the InvestorsHub Community
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
