lowtrade

[lowtrade]

TEU chart

It may have a 14% divvy, but has a very small institutional position, 7%. Thus the divvy is not a factor to expect inflow support for any comeback. Plus it was halved the last Q of 2013 and has not had a announcement for 2014. (LATE)
http://www.dividendinvestor.com/historical.php?no=210299

I'd lower my target and exit/re-enter like a single bottom play with this one. Because historically island reversal bottoms tend to last a long time; till the company re-establishes faith to climb to gap down bottom. Yes it's fairly common to establish a larger bottom channel. (which becomes tradable) But without some major news event and long term financial/fundamental progress. That larger channel usually holds below gap area.

IMO you'll see the un-tradable channel, become a tradable channel from 1.50 to 1.70. If 1.70 breaks after a stall. then re-enter for 1.90. On the single bottom bounce play. Other wise expect 1.50 bottom and re-entry on bounce to 1.70 again. Basically; Trade the new larger channel.