Reasons for bullish bias: - Harmonic Bullish BAT pattern formation - Price is at strong weekly support - Double bottoms - Safe entry at neckline breakout - Bullish divergence - Positive earnings Here are the recommended trading levels: Entry Level(Buy Stop): 35.38 Stop Loss Level: 30.89 Take Profit Level 1: 39.87 Take Profit Level 2: 47.53 Take Profit Level 3: Open
TeraData has been hot stock during 2010-2012, then it lost its luster after soften in margins. But in terms of net profit and total revenues it is showing us solid numbers. Stock found strong support at $39-$40. Looks like funds accumulate this stock during last three quarters. Yesterday, it gave us Day #1 (broke of flag and trend line). If the next days it will...