$TRCH
Some statistic analysis for your weekend to keep in mind:
Looking at the previous stair steps TRCH has made recently, we notice:
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Leg 1:
Ran from 1.40 to 1.80, +.40
Dipped from 1.80 to 1.60, -.20
Total gains held: 50%
Leg 2:
Ran from 1.60 to 2.94, +1.34
Dipped from 2.94 to 2.29, -.65
Total gains held: 49%
Leg 3:
Ran from 2.29 to 4.70, +2.41
Dipped from 4.70 to 3.12(ish), -1.58
Total gains held: 60%
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Taking the time to find and understand patterns on the market is how you develop an entrance and exit strategy. Selling high and buying back in on the dip is a great strategy, but one I am not using right now because of the special dividend. For those of you who are using it: pay attention to these patterns and maximize your earnings.
Anyway, read charts, make money. You know how it goes.
Have an awesome weekend everyone!
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