TISCO : Going to plan

On Feb 15th we said that a weekly close at 35 or higher for TISCO will be very bullish, and that it should go to at least 38.50, possibly 40.

The stock hit 38.50 three days now and has first support at 38 then 37.60 or so. It is entirely possibly a move to 39 or 40 is seen, from where the 2010 high at 45.50 is certainly in danger of a retest. Indeed it is entirely possible to imagine a scenario whereby TISCO hits 50 in the very near future.

 

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