TTW : Possible move to 6.6
February 27, 2011 Leave a comment
TTW charts make for quite interesting analysis, with a reasonable chance of 10% upside from current prices (6.15)
There is key support at 6.10, so entry at 6.00 to 6.10 with a 3 spread stop can be considered for rebound to 6.50-6.60.
First resistance is however seen at just 6.20-6.30, with the telltale signs of a successful breakout for this stop being a surge in volume during the hour of the break to at least 4-5m shares, and preferably near 6m. With a tight stop as noted above – 3 spreads or so from entry, this might be worthy of an alert on your system.