The price action on TRCH was expected. On the weekly chart, it was too disconnected from the HMA and RSI was on a down trend. When price gives you higher highs/lows, and the RSI gives you lower highs/lows, this is your Regular Bearish Divergence. This is purely the technical perspective on the way the chart is playing out.
TRCH is looking strong. Expect a little pullback for the technical support. But parabolic movement is supported right now. Keep an eye on the weekly. If the price gets too disconnected from the HMA 20, expect a pullback next week to realign. Pretty straight forward squeeze on this one. Hedge wisely though.
Tuesday, Feb 16th. I am planning on buying in TRCH @ the 3.15 ( AS LONG AS I SEE A BOUNCE/Support ) point with a Primary TGT of $4.00 (Breakout Play), Secondary TGT of 3.80 (Uptrend Play). Stop-loss Trend Line will act as my trailing stop, anytime it breaks under this trend I will sell my previous buy-in. Then I will buy back in at my Secondary buy-in.