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Registered User
Joined: 1/17/2006
Posts: 46
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I want this one to have another strong day tomorrow and IMO could be on its way to 8. Good accumulation last 3 months..
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Registered User
Joined: 12/21/2004
Posts: 902
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Good call - although at 16.6% over the 13ema I think it's a bit over-extended at this point and may pull back first (comparative weakness in daily MACD-H and TSV compared to early Feb seem to indicate this also).
It's currently bumping into a resistance point in the 6.25-6.29 range that stopped it at least 6 times back in 2003-04. If it clears 6.30 that's gotta be bullish.
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Registered User
Joined: 4/18/2005
Posts: 4,090
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I don't know that I would buty this here.. I wouldnt sell it but I would want to buy a bit of softness from here.
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Registered User
Joined: 10/7/2004
Posts: 2,181
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creekchad;
This opinion does not apply to intraday trading, just short-term or swing trading:
I'd buy TGX if it clears Friday's high (in fact, I just might...health care stuff has shown signs of strength lately); my stop loss would be 5.97. I'd watch out for resistance at 7.10 if you get in. If the candlestick extends above the upper 20-day bollinger band and becomes completely detached, I'd get out and wait for the next pullback for re-entry.
Good luck.
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Registered User
Joined: 1/17/2006
Posts: 46
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Agree with that,tobydad. If it clears the 6.33 area on high volume I would have to jump in . I am not a buy and hold type player. On a play like this I would probably exit it at first sign of weakness on a breakout. Thanks for everyones input..creekchad..
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Registered User
Joined: 12/21/2004
Posts: 902
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Strong day - strong volume
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