Teradata (TDC) potential Buy setupReasons for bullish bias:
- Harmonic Bullish BAT pattern formation
- Price is at strong weekly support
- Double bottoms
- Safe entry at neckline breakout
- Bullish divergence
- Positive earnings
Here are the recommended trading levels:
Entry Level(Buy Stop): 35.38
Stop Loss Level: 30.89
Take Profit Level 1: 39.87
Take Profit Level 2: 47.53
Take Profit Level 3: Open
TDC
TDC Double Cup & Handle patternI published an idea on this a little while ago, with some minor modifications the formation still looks to be intact. Indicators show the stock to be nearing oversold territory. As an added bonus, a Morning Star Doji formed today, which would be confirmed with a gap up tomorrow.
See the link to my original idea for more information.