TBBK, 1st opportunity for Long position
TBBK went through a major downtrend in the 2014/15 timeframe. A distribution zone preceded this downtrend with a price potential in the $2-$3 range. The stock did achieve this price potential.
Over the last year the stock developed an up-trend in the monthly graph.
Looking at the daily/weekly graph one can observe a narrow accumulation range, last week the price went below the support line in a False Break.
Given the up-trend in the monthly graph and this False Break any up-reversal above $4.75 represents an opportunity to open a Long position with minimum target of ~$6 (return to the Up-Trend channel)
Over the last year the stock developed an up-trend in the monthly graph.
Looking at the daily/weekly graph one can observe a narrow accumulation range, last week the price went below the support line in a False Break.
Given the up-trend in the monthly graph and this False Break any up-reversal above $4.75 represents an opportunity to open a Long position with minimum target of ~$6 (return to the Up-Trend channel)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.