Waiting for it to making a higher high than the previous day.
I would expect a bounce higher, though anything could happen
We still need to confirm that it can go higher. So, i would wait for it to close above the 100 ma and also watch the overall market.
The best time to buy is when everything looks terrible.
Two bullish cases - 1. everyone seems to be on the same side of the market i.e. the short side 2. QE in Europe should attract funds to the European market which will increase the demand for EURO.
Besides the weakness in the overall market, this stock gained 1% today. any bounce in the overall market will lift this stock really well.
This ETF is a leveraged ETF to take part in the break out.
If you don't want to short, you can long TMV. 122 is the second target. the first target is 126.
Solar sector is something we should be watching! TAN has been one of the biggest performers.
It failed few days ago, but now it has actually broken out. The pullback from the previous breakout was a shakeout - we only know this after the shakeout has happened.
It has digested previous gains very constructively with signification volatility contraction. Now, it's time to expand again.
For now, I am bullish because the overall momentum is positive. But I am waiting for confirmation.