I've just read the most idiotic thing I've seen published as serious content in a long, long time!
NABTrade's Technical Analysis Weekly this week:Trade Me Group Limited (TME) is an online marketplace and classified advertising platform in New Zealand, with auctions and fixed price sales for new and used goods.
The Buy zone entry for TME, Trade Me came from the ascending price pattern.
As the price target has been met with an exponential price rise, a take profit is in place.
This stock will go back onto the watch list for further analysis.
What are the chances that it'll come back as a buy because it has "consolidated at its new level" and the stock is "poised to resume its earlier upward momentum".
