Monday, July 20, 2009
TNA Up
TNA is moving through a resistance level and appears to be ready to resume upward movement. Its Point & Figure target is 45. It has a couple of weaknesses, however. The On Balance Volume does not seem to fully support the move up, and the volume for the upward moves (see the P&F target graph) are less than volume on moves downward. As it moves up, it will retest the lower channel line around 32, and may retreat from there, so treat this one tenderly (that is, keep one's stop loss points close).
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what is meant by TNA movement?
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