Sunday, December 21, 2014

T.PLI Once Again

Going to get into this upon Monday morning, depending what happens of course. I think it could be prepared for another 15-20 cent run here, hoping I can play it off the 1.85 line a few more times.

Fairly simple chart, although I am drawn to the large amount of volume that occured on November 18th, where 30 mill shares were traded, inter-day trading from 2.06-2.21. Investor psychology can be very stubborn in regards to "getting out even" (actually I recall Edwards and Mcgees book having a good section on investor psychology and its role in creating resistance/support lines). I have a feeling that any advance will get held up there.

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