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)
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