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Tuesday, 17 January 2012

TNCC 0.17 Double Bottom looking for confirmation.

TNCC is on watch here for a .20 break and close above for confirmation of this double bottom formation. Lots of bullish signs are coming into this play such as the 20ma about to cross above the 50ma, the 8ma is flowing above the 10ma and slightly pulling away. All indicators are showing strength and the Parabolic SAR has flipped underneath the price (often viewed as a buy signal)

TNCC had a 100% move Jan. 17 on only 1.2mil in vol. and closed near the HOD. We believe that this stock is hitting alot of radars and if we are right this could move fast as traders come in. Keep an eye on this one In Our Opinion, and as always trade safe!!!


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