TRNX reversalChart shows high & low cross. Time to buy shares for some $$$.
Way I look at it two options:
Long hold for ride to .11-.15
Or keep buy/sell trade for .02-.03 gains. .08 Believed floor for this Stock.
TRNX
Sink or Swim? Having hard time getting past the .10 and staying there. Seems that the support @ .095 is a good entry.
*Good luck to all
TRNX - Falling Wedge - Possible buy just causeNASDAQ:TRNX
I think TRNX will take off soon. Not because it's the best stock in the world or anything like that, but it's time. I think here in the next week we will see a decent gain. Might bounce of the resistance line, but eventually it will break and you should see some potentially huge gains. At this price I can't imagine why not to get a few thousand shares and just sit on it for a minute.
$TRNX Clicks All Technical Bottom Signals Into PlaceTRNX
It's not often you see so many different extemes click into place for an oversold bottoming pattern. But TRNX has just about all of them right now.
The RSI bullish divergence locked in about a month ago on two oversold extreme readings. That led to the Ichimoku Cloud transition back into bull mode for the first time since the stock's crash in February of last year.
A breakout above $1.25 could set off an escalating feedback loop of buying and covering as the tide turns.
TRNX being squeezed. Possible breakout. #TRNXLooking at the MACD this stock update looks good. Volume looks good, MACD looks good.
A little concerned about open gaps, but the trend is good. 4 days of the same movement.
Might see a little retrace, but if it stays in the wedge and pops up past .39 it could be .50+
Another run higher? #TRNXWith all the recent activity it's hard to tell. The volume columns look like a sea of red, but the buy columns at the end are still significant. I think it could make a pop back up to the .40 cent area. I actually think this company has a good future with a unique product. Possibly a stock that trades in $3-$4 range if they keep their expenses tight.
Interesting scenario for #TRNXThe MACD is about to see either a crossover and back to .23 area or another gap up past .27. If you look at July 10-11, and 11-12 the MACD had similar patterns to crossover.
Scenario A) If it drops to .23 and holds, it would coincide with July 5th. If it breaks .23 then the next drop would be to .18 formed on July 9th.
Scenario B) The gaps are worrisome. There have been at least 6 gaps up and as far as I can tell only 1 down. That being said, this stock has been all over the place so I can see another gap happening. There is a wedge being created, but considering the bullish last openings, it seems to be likely it breaks out of the wedge up rather than down. On the other hand, there is a lot of buy/seller cancellation. It could very easily drop to .23 before moving up out of the wedge.
Monday will be interesting.
Wow.... Market reacts before the news" #TRNXSomething isn't quite right here. The market tends to move before the news then whatever it is, once the public finds out a major change happens. Low volume for 3 months then suddenly it spikes. Seems a bit weird.
Thoughts?
TRNX Monthly Chart. OBV & Buy Volume Going Crazy!Makes me feel like someone knows something about the company that isn't known to retail.
TRNX - Long. Huge Increase In Volume. Scalp. Sell volume is decreasing. I expect another run up with the massive amount of volume that has come in so far this week.
Really interesting change. #TRNXOnly down side is it probably will close the gap, but it's above all the EMAs. Worst case it finds support at the 200EMA.
I see resistance at .37, but all the EMAs are trending up, which is good. I think this has a chance at a breakout.
Their news is good, and their product is unique enough to support long term growth.
Depending on what it does July 9th (Gap down or holds the .27 mark) I might buy in. If it doesn't drop below the 100 or 200 EMA I am in for sure. Might be a day of consolidation where the buyers/selling come to an agreeance on price before the next push.
