TLUXE : Could be up for a ramp to 4.5 or so
March 28, 2011 Leave a comment
TLUXE has an untidy chart, which is something technical analysts treat as a warning sign. For us, we ignore such stocks because the level of risk inherent in a chart like this means it falls short on our criteria for tradable stocks.
It seems to have support at 4.18 and 4.10, and resistance at 4.28. A breakout at 4.28 has no resistance at all until 4.54, and by the looks of it, could be up for a punt for those brave enough to roll the dice.