TIV TA

[jonesieatl]

Hi Lefty,

Copied below is the standard support/resistance info from stockconsultant.com. It shows what you are talking about with regards to what might happen if that support was broken. I think you have a good trendline there, it will be interesting to see how it turns out.

Several indicators on my chart are in "oversold" territory but not all, and each has a ways to go (down) before one could say TIV was VERY oversold. I got out of the business of guessing bottoms, my last large purchase based on the Fib. retrace to $8.72 worked out well but ... well, I tend to wait for the "hindsight confirmation" that a bottom was a bottom :)

jonesie

from stockconsultants.com:

CURRENT PRICE 9.76, just below resistance or support, 10.27 ± 0.44, type triple+, strength 10

RESISTANCE ABOVE
+5.2% at 10.27 ± 0.44, type triple+, strength 10
+21.9% at 11.9 ± 0.51, type triple, strength 7
+33.4% at 13.02 ± 0.56, type triple+, strength 10
+46.9% at 14.34 ± 0.62, type double, strength 6
+68.8% at 16.47 ± 0.71, type single, strength 5


SUPPORT BELOW
-5.9% at 9.18 ± 0.39, type single, strength 5



Upside Trade Trade indicators for long trades.

TRADE QUALITY 70%, Good
Good trade quality is a combination of good profit, profit/loss ratio and target potential.

TARGET 1 Price: 12.56 Profit: 28.7% , for a typical rally.

Stop Limit/Trailing Stop Limit: 9.3 Loss: 4.7%
Profit/Loss Ratio: 6.1 : 1 - Excellent

TARGET 1 POTENTIAL Poor, there are 2 resistance areas on the way to Target 1.
Strong resistance areas may reduce the potential to reach long Targets 1 & 2.

TARGET 1 RESISTANCE

+5.2% at 10.27 ± 0.44, type triple+, strength 10
+21.9% at 11.9 ± 0.51, type triple, strength 7
+28.7% at 12.56 is Target 1

TARGET 2 Price: 13.02 Profit: 33.4% , Profit/Loss Ratio: 7.1 : 1 - Excellent for an extreme rally.

BREAKOUT None.


Downside Trade Trade indicators for short trades.


TRADE QUALITY 100%, Excellent

TARGET 1 Price: 7.7 Profit: 21.1% , for a typical pullback.
Cover Limit/Trailing Cover Limit: 10.31 Loss: 5.6%
Profit/Loss Ratio: 3.8 : 1 - Excellent

TARGET 1 POTENTIAL Excellent, there are 1 support areas on the way to Target 1.
Stocks may quickly fall to Targets when there are not many support areas blocking the way.

TARGET 1 SUPPORT

-5.9% at 9.18 ± 0.39, type single, strength 5
-21.1% at 7.7 is Target 1

TARGET 2 Price: 6.9 Profit: 29.3% , Profit/Loss Ratio: 5.2 : 1 - Excellent for an extreme pullback.

BREAKDOWN None.