Monthly chart shows that the selloff from the high of $21.62 found support off the .382 fib area and the 34ema. Lots of bottoming tails indicating there were buyers at these levels. Buyers came out in force the last 2 months, taking price above all moving averages, and looking to test the current high and higher.
Weekly chart shows that buyers took price above the prior resistance level in the $18 range. Last 2 weeks showed little selling if any. Look for test of the highs.
Daily chart shows that the mid-point of the large green candle is acting as current support.
Saturday, April 28, 2007
TLM Analysis for 04.28.2007
Posted by TraderZ at 4/28/2007 08:50:00 PM
Labels: TLM
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