After more than holding onto it’s dividend yesterday, this stock is starting look extremely strong.
A nice reversal candle stick has seen positive divergence on the RSI and the momentum indicators are all starting to signal a bounce.
It’s also quite a positive sign when a stock looks this strong in a down market.
I wouldn’t be surprised to see TBS make a charge towards the 200 day moving average in the weeks to come.
Chart by TradingView
Here’s the levels I am looking to trade:
Buy (Long) TBS (CFD) 265.50 or better
Stop loss 244.00
Profit target 309.00
Margin 16% (expected return 96%)