Re: TDC Too Oversold for Too Long.
in response to
by
posted on
Jul 07, 2010 07:01PM
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Hi Baires,
The tools I use aren't available in web-based charting, but I'll contribute what I can technically. I did not use these tools in my decision to purchase Tyhee. I bought Tyhee from a pure value perspective- something that's nearly impossible to find these days. My preference is to assess stocks or indexes in deep markets, and I'm still uncertain if Tyhee falls into that camp. The analysis I'm providing is for TYHJF, not TDC.
So without showing you a picture, I look at a several metrics on a weekly chart, which is the only time frame I'd look at a stock like Tyhee. First, I use something called SuperTrend, which is really a lagging indicator that uses the Average True Range to plot whether price is trending up or down. It often acts as support or resistance. Right now, the support for TYHJF is .135. If price breaks below that level for a week, the trend will change for the worse.
I also use a pivot oscillator and MACD BBs to plot my entries, and both look like they are close to signalling a buy, but not quite. As I see it, the fundamentals are far more important to a stock like this than the technicals, so caveat emptor.