TISCO : Going to plan

On Feb 15^th 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.

 

TISCO : Major support at 35-36

TISCO’s week chart look rather bullish, but the stock may need to consolidate a tad before a mounting a serious attack at the game changing level at 40.

If it comes off to 36 it may tempt some who missed it, with very strong support at 35.

Initial support today is seen at 36.75.

 

TISCO : A weekly close at 35 or higher will be very bullish

On Feb 9^th we noted that TISCO has a very solid support base from 29 to 31 or so, and it is within this rage, even at the top end, where one might consider MT accumulation. For the stock to come off to nearer 26-27 we think something pretty bad will have to happen – either to the company, or to the county. There are quite a few others with similar characteristics to TISCO, with major downside and indeed a change in the medium term trend unlikely in our view.

Today it’s trading at 35 or so, and on the monthly chart below it is clear to see this level is of some significance. If indeed TISCO holds above 35 this week, it will open up a range to at least 38.50, if not 40.

First support today is at 34.50, with 32.50 to 33 looking quite solid now. Certainly one to buy and hold, so treat any near term weakness as an opportunity to accumulate.

TISCO Financial (TISCO)

TISCO has a very solid support base from 29 to 31 or so, and it is within this rage, even at the top end, where one might consider MT accumulation. For the stock to come off to nearer 26-27 we think something pretty bad will have to happen – either to the company, or to the county. There are quite a few others with similar characteristics to TISCO, with major downside and indeed a change in the medium term trend unlikely in our view