TCAP : Speculative entry at support, just below 30
February 15, 2011 Leave a comment
TCAP’s week chart is exhibiting a certain level of indecision, but as long as it holds at or above 28.75 there will be rebound potential waiting just under the surface. We can use 29.75 as the first support level of note, and 32.25 the initial resistance. A weekly breakout above 32.25 would be mildly bullish, but it would need to rally pat 37 to truly turn the trend. For now, wait at support just under 30 for potential rebound play.