A friend works for Telecom Plus and recently sent me links to a Financial Times and Daily Mail articles. Both articles were promoting the stock as 'one to watch' and a 'great investment opportunity'. My friend informed me that the directors where buying too and that I should consider investing. I decided to investigate. To me it appears that TEP is correcting...
Good entry point here in this upward channel, target buy at 1418 with exit at 1538, easy swing trade
DAILY CHART. HORIZONTAL LINES REPRESENT THE INITIAL BREAKOUT AND THE NEW STOPS SET AFTER EACH SWING HIGH. THATS HOW TO TRADE A TREND.
Breakout trade filled following impulse move, book profits for now?