Hi,
For one reason or another this company has been on my watchlist for a while. Unfortunately we missed the latest rally.
The good news is that
TITN is at the top of a yearlong+ channel and we could see a strong rejection leading to a buying opportunity. This channel loosely correlates to its historical price even though the company saw an explosive era from 2020 - 2023 it corrected quite quickly and seems to be settling more or less into that channel.
There was a strong rally from late March to early April , but it is clearly losing steam. Volume is declining and the sentiment is now mixing between buyers and sellers.
The prices is deviated to the high side, too.
I would expect to see a correction to $18 or $17, but would love forTITN to hit the bottom of the channel at $14 or $15 before earnings and then pop after the call in May which is pretty much what happened last call.
Cheers
For one reason or another this company has been on my watchlist for a while. Unfortunately we missed the latest rally.
The good news is that
TITN is at the top of a yearlong+ channel and we could see a strong rejection leading to a buying opportunity. This channel loosely correlates to its historical price even though the company saw an explosive era from 2020 - 2023 it corrected quite quickly and seems to be settling more or less into that channel.There was a strong rally from late March to early April , but it is clearly losing steam. Volume is declining and the sentiment is now mixing between buyers and sellers.
The prices is deviated to the high side, too.
I would expect to see a correction to $18 or $17, but would love for
TITN to hit the bottom of the channel at $14 or $15 before earnings and then pop after the call in May which is pretty much what happened last call.Cheers
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Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.