OK - TLX - amazing run yes and you can see that pop of volume and price rise initially where you said - first green arrow - looks more obvious on the daily chart - second arrow is where the stock breaks out again rising volume - 3rd arrow is interesting as the volume becomes very high - high volume on pullback - that whole section is a battle what went on for quite a while until final gap up and incredible run -
For now I guess it depends on the FA timeline - it would not surprise me if there was a pullback here - I would not give it much room if it breaks support @ 401 -looking potentially a bit head and shoulders for the moment - and really it has had a massive rise - above 433 = good
It all depends on the unknown however from what you have written this is more credible than the other one - A general rule of thumb is break support = get out reassess -
I have squashed the chart so you can see the fib target which is 718 - If all that is promised is delivered that would be the next top possibly -
You have got a bit of supporting volume here - so I would be vigilant and hopeful -
Nice conversation here over the weekend - I will make a point though - this is a daytrading thread - very little discussion about daytrades ....
In fact day trades and small timeframes - shake pump - fakeout and breakout are actually our gig - which I really don't mind - getting the right entry is mostly the biggest thing in trading anything - sure getting a position at the bottom is good - but how long you wanna wait ?? hmm bit of a volume trigger is what we and the scans all watch for - just sayin-
Will see what the week brings and hope that Gold bounces a bit - we need a bit of a break from being hung over the edge lol
Maybe find some nice runners to have a look at this week on SMALL time frames to pick over the action and pick over the hindsight
