RE: US Stocks - Watchlist and Discussion (Premium)
(2015-01-12, 11:37 PM)Amedee Wrote: What's the opinion over here?
Buy the way, this stock is not in a favored sector but it still is bottom fishing with an edge...
The Weinstein method stop loss would go under the recent swing low range at around 6.39 which is 3.20% ATR(52W) risk, and with an $8 stock I'd be looking for a minimum of a $16 target personally, which is 12.92% ATR(52W). So roughly 4 R/R.
The monthly chart is what interests me most on TNP as it's made a four year cup and handle base, and is currently at the top of it's Stage 1 range. So is attempting to make a monthly Stage 2A breakout.
isatrader
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.