TICON : Buy on a dip near 13 for a move to 13.80-14.00
March 13, 2011 Leave a comment
TICON closed rather well last week at 13.30, just above its 100 day volume weighted moving average price at 13.18, with a decent chance to advance to 13.80-14.00 in the very near term.
A breakout above 14 may take several attempts, but when it occurs it will validate 18 as the medium term target.
For early this week if it comes off to 13.00-13.10, or 12.80 if very lucky consider entry with a target at 13.8 to 14.00 which should be hit within a fortnight if not much sooner.