Some brief comments on the chart I posted a couple of days ago. First of all I'd like to talk about an important level reached in the weekly macd(12,26,9). Now it's not shown on the chart but if one drew a straight trendline connecting all the major lows observed in this indicator (Oct 2001 & Dec 2006), you'll notice TDC is again at an all-time oversold position. This is strong buy signal one.

Secondly, Tyhee has been trading in a bullish falling wedge pattern for the past 12 months. Price is getting squeezed into the narrow part of the wedge and has found solid support in the high 30's and low 40s. So I expect an upside breakout out of this consolidation pattern shortly and a return to the prevailing uptrend, for that's how these formations tend to resolve themselves in a bull market. This is another fairly strong buy signal.

Third, note the multiple support trendlines converging on the chart in this price range. There are three - count them - 3 major trendlines, *plus* a key Fibonacci retracement level at 40 cents, all working in synergy to provide a solid floor to the share price. In my view these anchor supports will act as a trampoline that springs Tyhee out of the bullish Falling Wedge. This is another very strong buy indicator.

Fourth, note how the stock has traded in a triangle pattern since New Year 2006. We had a false breakout late last year and have since returned back into the triangle and are at bottom again. The good news is that a triangle breakout usually falls back to the point of breakout before rejoining the uptrend and setting new highs. This is a normal healthy technical reaction that validates the bullish nature of this formation. Granted the pullback was ten cents stronger than expected (I started accumulating in the high 40s) however the fact of the matter is the triangle still prevails.

Bottom line: from a TA perspective today represents a bargain basement buy opportunity & I don't expect Tyhee to remain beaten down much longer.