Thursday, November 09, 2006

Tisco buy above 502/507/512, target 539/565/625 sl 500/492/485

Simple patterns/channels
Probably lots of reasons to be bullish on tisco as long as 485 holds
Funda report by merryl
, investment rating C-2 (0-20% return over next 12 months given at a price of 515 when the acquisition of corus was announced), tisco proceeded to drop to lower channel after the news





Tisco bouncing from lower channel (you could call it a flat or a triangle with a false break of trendline in e leg whatever u wanna call it , it looks bullish to me :))
Setup is very similar to rel at 450
just needs to hold 485 for a significant upmove
Confirmation is above recent high 512 and broken trendline 507
(507 is also results day high so a break above it would indicate a lot more upside)

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