Comment: Monday's close above Tuesday's Pivot Point of .1338 indicates continued positive bias in a normal impulsive wave. Significant accumulation in evidence in Monday's session at high volume implies continued upward price movement. Todays chart refers: http://stockcharts.com/h-sc/ui?s=TPDI&p=D&yr=0&mn=5&dy=0&id=p69191027348
The current move should proceed to test the MSH2 price of .1800 to confirm continuation to the primary extension target. A potential exists for a Gap Fill attempt as traders attempt to short the gap at .11 and reload intraday. However, Monday's failed attempt at that event is noteworthy. Momentum continues to be positive, and spike volume typically preceeds price in such situations. The 1.382-1.618 Fibonacci extension target is in the .240-.278 region, which equates to the 01/05/07 and 03/08/07 prior highs near .25 per share. The price amount of this impulse leg should approximate or exceeed the initial impulse "wave one" price amount of approximately .16 cents.
Disclosure: Any chart technical analysis provided is my personal technical assessment of the indicated stock and should not form the sole basis of any buy or sell decision making by any reader. Any decision to buy or sell any stock should be made only after careful due diligence on the part of the investor, and not be based upon any third party information or investigative data.
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