TDC | Triple SMA Crossover | Bullish Divergence | Falling Wedge
- Look for a strong potential move to the upside due to pretty strong divergence since Nov 2012
- SMA(21, 50,100) crossover confirmed a bullish trend with the stock seeming to have found a higher bottom.
- SMA(200) and $60 price level will act as strong resistance.
- Stock broke out of falling wedge pattern that's been forming since July 2012
- A safer way to play this stock would be to wait for confirmation by having the stock reach a higher low above this level.
Let me know if you agree/disagree or just feel like going on a rant =)
- SMA(21, 50,100) crossover confirmed a bullish trend with the stock seeming to have found a higher bottom.
- SMA(200) and $60 price level will act as strong resistance.
- Stock broke out of falling wedge pattern that's been forming since July 2012
- A safer way to play this stock would be to wait for confirmation by having the stock reach a higher low above this level.
Let me know if you agree/disagree or just feel like going on a rant =)