Saturday, April 28, 2007

TLM Analysis for 04.28.2007

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.

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