TTMI Swing
Updated
News: No news anymore for a while. Beginning of August they were punished because earnings were not what the general public expected it to be. They were very good though.
Observations:
Weekly: Price dropped very steep at first but has lost momentum the last 2 weeks and has hit support (horizontal and descending)
Daily: Price put in a green candle despite the bearish market on Friday. the upper wick does show the effect of that market. Note that price closed at 12.99.
MACD: about to cross so potentially showing a turn in trend direction
RSI: 28.5 and rising.
Plan:
Shares: 100
Entry: open above 13
Stop: 12.88
Target1: 14.20
Target2: 15.14
Observations:
Weekly: Price dropped very steep at first but has lost momentum the last 2 weeks and has hit support (horizontal and descending)
Daily: Price put in a green candle despite the bearish market on Friday. the upper wick does show the effect of that market. Note that price closed at 12.99.
MACD: about to cross so potentially showing a turn in trend direction
RSI: 28.5 and rising.
Plan:
Shares: 100
Entry: open above 13
Stop: 12.88
Target1: 14.20
Target2: 15.14
Note
Entered at the open yesterday but it sold off and hit my tight stop loss for a small loss. It is still looking like a good setup. If it opens above the close again I will go again# 100
E +12.90
S 12.60
T1 14.20
T2 15.14
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