TTMI trade ideas
TTMI - Bearish TopA top that has been tested multiple times and isn't looking to be broken anytime soon
Big Horizontal resistance line
Bear move assumed.
QuickTrade : TTMITarget $14 as this impulse wave may complete.
Stop below the (yellow) daily EMA OR any bearish cross of the hourly 21+50 (orange+blue)
TTMI BullishRecent MACD cross and a close above the .23 fib level. I'd like to see it hold 12.91+ to enter for a swing position.
target: 13.60, 13.90, 14.34
TTMI Forming 3 Months #AscendingTriangle #ChartPatternNASDAQ:TTMI has been seeing low volatility period for the last 3 months carving out an ascending triangle chart pattern.
$TTMI forming 2 month #Ascending #Triangle #ChartPatternNASDAQ:TTMI TTMI has been moving sideways for the last 2+ months forming an ascending triangle chart pattern that looks set to make its breakout next week. Chart pattern price target indicated on the chart.
TTM TECHNOLOGIES Daily chart.Look for further gains above the 61.8 fib level, Time frame = Midterm (3 to 12 weeks)
Falling from the Top in a pattern.Harmonic Trend analysis in a monthly chart shows that TTMI will fall first to 12.85 (Buy)which it did and Sell at 16.98.
2nd buy at 8.61 and sell at 13.75. Reading the history helps in next moves.
TTMI SwingNews: No news anymore for a while. Beginning of August they were punished because earnings were not what the general public expected it to be. They were very good though.
Observations:
Weekly: Price dropped very steep at first but has lost momentum the last 2 weeks and has hit support (horizontal and descending)
Daily: Price put in a green candle despite the bearish market on Friday. the upper wick does show the effect of that market. Note that price closed at 12.99.
MACD: about to cross so potentially showing a turn in trend direction
RSI: 28.5 and rising.
Plan:
Shares: 100
Entry: open above 13
Stop: 12.88
Target1: 14.20
Target2: 15.14
TTMI; 20% implied gain by New YearIf TTMI is able to consolidate and find a bottom down here at this lower trendline I would expect the price per share to move up and 'fill the gap' to $17, at least. This probably won't happen all in one push, but if price is able to push above the middle Bollinger Band on the daily chart and stay there, confirmed with a MacD cross then I would definitely expect a sharp move up as I believe this recent sell off was rather overdone.
TTMI: Symmetrical Upside Continuation Breakout Likely From a technical standpoint, Here are the positives for-TTMI:
1. Currently multiple buy Fractals (highlighted in green box).
2. The top upper indicator is a 34 day moving average, and this is positive. Very strong.
3. The alligator is waking up and should feed in the uptrend.
4. Prices are trading above the Ichimoku Cloud.
5. The Forward Momentum indicator (lower top) is reversing to a strong position. **
6. The Ichimoku Cloud is rising, and the cloud has a green top border.
7. The 233 day moving average trend line is rising (this is a Fibonacci number).
8. According to Bill Williams, you can establish an entry point, again and again, with each new valid Fractal.
9. The indicators under the chart (Chop, Chop Zone) have been green (up) for a long time. This is positive if you are long. But (important), when there is a draw-down, you can use this opportunity to establish your entry point, or, accumulate more in your position.
10. Prices are trading above the thick red Ichimoku Cloud conversion line.
11. Prices are trading above the Ki jun-Sen baseline of the Ichimoku Cloud and this has been HEADING HIGHER.
12. I believe that a “symmetrical continuation triangle pattern” has just been completed and the upside target is $17.60-$18.00 over the next 42 days.
** The lower indicator on top is a forward projection. For an estimation of possible FORWARD TRENDING I use the Ichimoku Cloud Senkou Span A (Leading Span A): (Conversion Line + Base Line)/2)). This is the midpoint between the Conversion Line and the Base Line. The Leading Span A forms one of the two Cloud boundaries. It is referred to as "Leading" because it is plotted 26 periods in the future and forms the faster Cloud boundary. I then make an oscillator out of this and plot the progress up and down around a “zero line”.
I HAVE THE RESULTS OF THESE CALCULATIONS FOR-TTMI IN THE TOP LOWER INDICATOR. IT IS VERY POSITIVE AND BREAKING OUT TO THE UP-SIDE.
I hope all of your trades go well. Don.
Update: TTMI Entry Points: Stock Surges 18%Since I published "picking entry points" several hours ago before the market opened-TTMI has surged to an 18% gain in today's trading.
Here is what I wrote:
The chart above is for-TTMI. I have been long this stock many times.
For stocks or assets that are trending, look for entry points along some sort of repeating cycle.
Above, TTMI-had a draw-down, but if you look at the top three indicators, they are all strong.
TTMI-tends to follow the alligator higher, with the lows coming at the blue line, the alligator's jaws, which represents a 13 day moving average .
The lower indicator on top is a forward projection. For an estimation of possible FORWARD TRENDING I use the Ichimoku Cloud Senkou Span A (Leading Span A): (Conversion Line + Base Line)/2)). This is the midpoint between the Conversion Line and the Base Line. The Leading Span A forms one of the two Cloud boundaries. It is referred to as "Leading" because it is plotted 26 periods in the future and forms the faster Cloud boundary. I then make an oscillator out of this and plot the progress up and down around a “zero line”.
I HAVE THE RESULTS OF THESE CALCULATIONS FOR-TTMI IN THE TOP LOWER INDICATOR. IT IS POSITIVE.
Also, according to Bill Williams, you can establish an entry point, again and again, with each new valid Fractal.
The indicators under the chart (Chop, Chop Zone) have been green (up) for a long time. This is positive if you are long.
But (important), when there is a draw-down, you can use this opportunity to establish your entry point, or, accumulate more in your position.
Conclusion, pick an entry point on a trending stock (or asset), and let the trend be your friend.
Good luck to you on all your trades. Don.
TTMI: Picking Entry PointsThe chart above is for-TTMI. I have been long this stock many times.
For stocks or assets that are trending, look for entry points along some sort of repeating cycle.
Above, TTMI-had a draw-down, but if you look at the top three indicators, they are all strong.
TTMI-tends to follow the alligator higher, with the lows coming at the blue line, the alligator's jaws, which represents a 13 day moving average.
The lower indicator on top is a forward projection. For an estimation of possible FORWARD TRENDING I use the Ichimoku Cloud Senkou Span A (Leading Span A): (Conversion Line + Base Line)/2)). This is the midpoint between the Conversion Line and the Base Line. The Leading Span A forms one of the two Cloud boundaries. It is referred to as "Leading" because it is plotted 26 periods in the future and forms the faster Cloud boundary. I then make an oscillator out of this and plot the progress up and down around a “zero line”.
I HAVE THE RESULTS OF THESE CALCULATIONS FOR-TTMI IN THE TOP LOWER INDICATOR. IT IS POSITIVE.
Also, according to Bill Williams, you can establish an entry point, again and again, with each new valid Fractal.
The indicators under the chart (Chop, Chop Zone) have been green (up) for a long time. This is positive if you are long.
But (important), when there is a draw-down, you can use this opportunity to establish your entry point, or, accumulate more in your position.
Conclusion, pick an entry point on a trending stock (or asset), and let the trend be your friend.
Good luck to you on all your trades. Don.
Trending Now: TTMI, 30 Minute Chart, Rules Of Engagement, Part 2TTMI-Part 2.
If you examined TTMI-Part 1 you would see a solid up-trend (daily chart).
As you can see on this 30 minute chart, TTMI-jumped at the open and is quite strong.
Why?
This happens because if the primary trend is up, the shorter term trends have a tendency to "jump".
Investors that do not have positions are waiting for logical entry points.
Position yourself in primary trends that are strong and enjoy the ride.
I hope all of your trades go well. Don.
Trending Now: TTMI, Daily, Rules Of Engagement, Part 1A stock that shows strength in a daily interval is one that will usually keep climbing, even in market turbulence. Examine-TTMI.
TTM-Technologies, Inc. is a manufacturer of printed circuit board (PCB) products and is focused on technologically advanced PCBs and electro-mechanical solutions (E-M Solutions). The Company operates approximately 30 specialized facilities in the United States, the People's Republic of China (China), Canada and Mexico.
Look at your stock/ asset portfolio and determine if any of your holdings suffered severe technical damage in market declines.
It really isn't a stock market , it's a market of stocks . Strong stocks are worth investing in.
There are strong stocks . One such stock is-TTMI.
From a technical standpoint, Here are the positives:
1. Currently multiple buy Fractals.
2. The green shaded area below CHOP is the CHOP ZONE. This has been strong (up) since early July.
3. The alligator is feeding in the uptrend.
4. Prices are trading above the Ichimoku Cloud .
5. Prices are trading above the thick red Ichimoku Cloud conversion line.
6. Prices are trading above the Ki jun-Sen baseline of the Ichimoku Cloud and this has been HEADING HIGHER.
7. The Forward Momentum indicator (top middle) is strong. **
8. The Ichimoku Cloud is rising.
9. The moving average trend line is rising.
In my opinion, TTMI-is in a solid uptrend. Very strong. I would hesitate to throw the baby out with the bath water....
(a.k.a. sell everything just because the broad market declined).
** For an estimation of possible FORWARD TRENDING I use the Ichimoku Cloud Senkou Span A (Leading Span A): (Conversion Line + Base Line)/2)). This is the midpoint between the Conversion Line and the Base Line. The Leading Span A forms one of the two Cloud boundaries. It is referred to as "Leading" because it is plotted 26 periods in the future and forms the faster Cloud boundary. I then make an oscillator out of this and plot the progress up and down around a “zero line”. Currently the forward projection is strong, in the top of the zone.
I HAVE THE RESULTS OF THESE CALCULATIONS IN THE TOP LOWER INDICATOR.
These are some of the Rules of Engagement for a daily chart. I will now show you what this looks like on a 30 minute chart.
Please go to TTMI-Part 2. Don.
