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A description of the content follows : On Tuesday, Titan Global Holdings, Inc. (TTGL) was at $1.43 a share (it rose from $1. 40) However, the close of shares came in at $1.37. Still the company is in a good position.

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Small Cap Network Blog

8/8/2007

Titan Global - Oh So Close

Filed under: — SmallCapNetwork Editor @ 9:22 am

Even semi-regular readers will recall how Titan Global’s (OTCBB: TTGL) recent strength has merited more and more attention, but rightfully so - it looks to me like the chart is right on the verge of an even bigger breakout (as if the recent move from July’s low of 95 cents to the current price of $1.36 wasn’t impressive enough).

I drew two lines in the sand - the minor one was March’s peak of $1.49, but the big one I wanted to see crossed was $1.40, where TTGL bumped into a headwind a few times in recent months.

Between then and now, $1.40 was temporarily breached; Tuesday’s high was $1.43, though the close came in at $1.37.

I would have preferred it if TTGL got and stayed above $1.40, but I still think this is a good sign. Rather than harsh pullbacks like the ones we saw the last few times the $1.40 area was reached, we’re seeing the stock hang in there - within striking distance.

If you don’t have a TTGL position yet, or if it’s at least not on your radar, I’d seriously consider it. I do think it’s set to take a break for a couple of days, perhaps resting somewhere near its 10 day moving average line (at $1.31). Past that though, I can see that short breather serving as a wind-up for the next bullish leg.

 

1 Comment »

  1. any comments on biocurex. stock has been dead lately especially since the GE and Abbott snafu.

    Editor’s response: I’ll hold off for now on any comments. I talked to my contact at the company and he said they had ‘news’ coming out soon - three items , actually. No other details than that though. I’ll see what that’s all about first before commenting. I think the tepid chart is more market related than anything else.

    Comment by brad — 8/8/2007 @ 10:58 am

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