Long on Turn (Swing trade on a good opportunity)TURN is an investment company that looks to find new and small opportunities to invest in inside the Unites States. Turn also takes a board seat and reserves the right to make managerial decisions to assist companies in expanding and becoming wildly successful. This is much like what Bill Ackman does.
This in my opinion is a true great opportunity and stock for a buy and hold strategy.
In this case, I am trying to buy the lows, sell the highs but keep some "free stocks" each time which were paid for as a result of my capital appreciation in the holding.
Over time, I want to accumulate some of those shares. I am very much long on this position.
Notice that each time the price began to approach the support line, we see a common or long legged doji forming. This is confirmed the next day with a green candle and results in reaching the level of resistance over the span of 2-4 trading days. You can see that this happened already three times in the chart.
I am looking at entering the position tomorrow.
EDIT: Watch the price closely tomorrow to avoid going in if the stock is going to fall through its support.
