TTA : Another one to buy on weakness
February 22, 2011 Leave a comment
TTA’s day chart has an inverted head and shoulder pattern, albeit not a perfect textbook example. It looks a bit ‘crippled’, which could also be said of the share price, but as long as remains above 18.40 the pattern will remain valid, as will it medium term target nearer 21. As such, a speculative punt from 18.30-18.50 can be considered, with an initial price target at 19.20 then 19.60 to 19.80.