Tower Semiconductor Ltd TSEM:NSDQ
DIAMOND BOTTOM BREAKOUT
Target Price Range: $14.70 - $15.30
Trading Considerations
Duration of Pattern
Consider the duration of the pattern and its relationship to your trading time horizons. The duration of the pattern is considered to be an indicator of the duration of the influence of this pattern. The longer the...
After great earnings on 8/4/14, it was rather disappointing since it immediately filled the gap and went down four days in a row. Trading right above the 10 dollar mark and 50ma, it has not been a secure buy until today. I bought shares at the closing today as this congestion period may be over and the great earnings will finally influence the price.
This stock has done well since its partnership with Panasonic and I expect it to go further with this technical breakout on high volume that was setback due to the market downturn. With the decreasing volume and tightening price, this is a good sign of another breakout.
Stock continuously showing strength with very good volume and looks bull ride has began and it can easily go by 12.50 to $13 mark in coming couple of weeks.
