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Monday, April 16, 2007 

TQNT - Breakout !!!

Chart courtesy of stockcharts

GTW closed above 13 dma today, it seems to me that is ready to move up again.

Chart courtesy of stockcharts

Shares of TQNT rose nearly 3% to 5.41$ after Matrix Research upgrade the stock from Buy to Strong Buy. The technical chart shows that stock broke out today an important resistance at 5.35$. Indicators are all in favor of Bulls with K line above D line and MACD above 0. In addition stock is trading above 50 dma and 200 dma = Bullish Mode. Let's see if stock will sustain tomorrow this movement. Keep TQNT in your watchlist.

Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.

That's all. Have a nice evening !!!

AC

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  • I'm a 43 year old Independent Trader using proprietary technical analysis with more than 18 years experience of investing in the US stock markets. I started this blog in 2006 simply as a way to share my thoughts about capital, risk management, and trading. My blog contains only my personal opinion and is provided for informational purposes only.

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