TGCI : MT target at 7.50-7.75 confirmed, but may need to consolidate a tad first
July 31, 2011 Leave a comment
TGCI posted its highest weekly close in nearly 7 years, and has a confirmed MT target at 7.50 to 7.75. However it may first need to consolidate a tad, with a dip to the 6.20-6.40 range once again.
Use 6.60 as the initial support and breakdown pint early his week. If it manages to hold above here, then a move to 7.5 or so could occur very quickly, and as such is one to watch in the near term.