The Tigers ready to pounce

The Tigers ready to pounce

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%)

 

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