TIE Ascending Triangle

By Johns Wu on Jan 26, 2006

Cal from Chartsetups wrote in to point out that TIE, Titanium Metals Corp, is in an ascending triangle formation. Breakout traders should set a stop limit above the trendline.

He has posted up an annotated chart on TIE: "Just 35 million shares outstanding and 7% of the float is held short. The best entry is after the top resistance line is broken." Thanks for sharing this info, Calven.

On an unrelated note, who was the braindead I-banker who priced Chipotle at $22? LOL! The CMG brass must be very unhappy about the capital that they’ve been robbed of.

This entry was posted on Thursday, January 26th, 2006 at 4:32 pm and is filed under Annotated Analysis. You can skip to the end and leave a response. Pinging is currently not allowed.