Once price broke out from the channel around $20, TER took off and has been moving in a very linear fashion ever since. we are currently dealing in mid 30s after a gap up on Thursday. We saw some indecision on Friday when price traded inside Thursda's bar. The gap up broke out from the regression trend channel, which indicates that TER is willing to gain more strength. It's an interesting time for this stock. Shall we see a move back into the channel or another breakout and move towards 40, 50 and beyond? Time will tell, but TER looks bullish for now.
I know people like to look for tops in an uptrend, but it's much simpler to trade with the trend, like in this example.
I know people like to look for tops in an uptrend, but it's much simpler to trade with the trend, like in this example.