TRNX
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.
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.