Archive for July, 2011.

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This stock pulled back a bit this week, as the stock follow the market. I like the daily chart for this stock and expect to see another upside move soon. Keep an eye on TRGL and monitor its volume, RSI, and MFI for any potential breakouts. If the stock can manage a breakout above its psychological resistance line at $4 on high volume, it would be a great buying opportunity, but only on a breakout. The Money Flow Index indicator is showing that there is more money flowing into a security that out of the security. You want to watch the stock closely as TRGL can move quickly and you want to be ready for this move once it happens. Let«s keep an eye on her.

Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations. The charts provided here are not meant for investment purposes and only serve as technical examples.

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This stock had a pullback into a strong support area, but it held up reasonably well. I still like the chart and will watch the stock again on Thursday. Resistance stays at $1.75 for the follow through move. Once it breaks this resistance level, we could see a quick increase in buying as momentum traders jump into this trade. Let’s keep an eye on it.

Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations. The charts provided here are not meant for investment purposes and only serve as technical examples.

Roadside assistance

posted by tony
file under Popular posts

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