TTA : Rebound above 19 and we’ll get excited
March 9, 2011 Leave a comment
A reader asks if it’s better to sell TTA after buying at 18.20 a few days ago. Yes we think, and leave the stock alone until lit proves worthy of attention, starting with a strong breakout above 19.
There is support from 18.40 to 18.00, but all in all we prefer to ignore stocks that are firmly out of favour until a meaningful reversal pattern develops on the longer term charts. The monthly chart below has not really turned yet, so as a final answer…sell and stay clear until volume & price suggests otherwise.