I was pleased to see that, according to stockTA, the LINE resistance point with the most confluences (12) is 39.87, which reinforces my previous decision to target ~40 as the price to sell my long term calls at
O/T TPLM is not hitting new lows on longer time frame, it has a pattern of higher lows since october 2010... The downtrending line connecting the highs over the past year (of 8.26 last feb and ~7.92 end of september) is one way to define upside; this is now at ~7.6, which strikes me as very bullish. The most recent high of ~6.4 defines a shorter term sell target/resistance point, and is the first resistance point listed at StockTA.
the line connecting the recent TLPM lows of 11/15 and 12/27 defines short term support/bottom which now sits at 5.7; buying at 5.7 would have modest downside and high upside, thus a good risk/reward entry point
As you stated a few days ago. You feel as though TPLM could be a TOT. What price do you believe TPLM would be taken out for. Everytime i look at TPLM it hits new lows. It has bounced to over 6 today. So in your chart readings of this stock was that a bottom and where could it go from there?