"its a chart play"...????.....Nope, it is first and foremost a fundamental value play simply because EV/EBITDA is 3.5 and PB is sub-1. Although I do agree with you that the chart is now a thing of absolute beauty. Crystal clear that TA gets to 12+ this week......but the beauty is that the move is underpinned by the fundamentals of the company's performance, foundation, and future. That, together with the slowly improving economy means that TA goes way above the 20 level this calendar year. Cheers....and buy more.
Yes....definetly a great flag formation. Add the fact that TA also has excellent fundamentals (low PE, high book value, growing earnings, etc.) and a very bright future in selling LPNG with Shell and both ends of the equation makes sense. This is one of the stronget stocks in that market since Dec. 2012 when I begin a position in it. I have sold nothing and have no plans to any time soon. The move to the NYSE makes a case to own TA even better. Ok...trade it if you must. However, I do think it is a long term hold which is rare in this market!
im not saying anything other than the fact that the chart is flagging and every single subscription service has been issuing an alert on ta for a breakout, thats what happened with the 10 dollar attempt, when it couldnt hold 10, it dropped to 930 by the following day, if it fails to break out there will be tons of selling pressure , if it breaks out it will still sell.