Technical Update (bought more at 1.40)As of the most recent trading day, T.LAN has traded between 1.850 and 1.550, following its open at 1.800. With volume of 416,300 shares traded, T.LAN was last traded at 1.640.
Opening at 1.800, T.LAN shows a positive opening gap of more than 5%. This gain in momentum warrants further research. If the stock holds its gains on strong volume, the momentum might carry into the next trading session.
A negative divergence from the 200-day moving average line for T.LAN indicates that this stock could be in a downtrend. If the stock is converging with, or moving toward this point of reference, then it might be beginning to recover.
T.LAN has been gaining recently as indicated by its break above the 50-day moving average line. The stock is showing strong upward momentum fueled by investor demand. Monitoring a stock's price with respect to the 50-day moving average line is an effective method for understanding its broader trend. If the stock is pulling back from recent highs, look for a turn around as T.LAN converges with its 50- day moving average line as indication of strength.
T.LAN is nearing a point of convergence with its 10-day moving average line. This is a significant juncture for the stock and investors should monitor its performance for a significant move above this important short-term technical indicator. Market timing relies on a sophisticated understanding of a stock's relationship to its moving average lines.
BREAKOUT ALERTS:
Positive 9/3 Day Stochastics Breakout
Positive 14/5 Day Stochastics Breakout
Positive 21/3 Day Stochastics Breakout
It's just a matter of time. The general market selloff during "Tech-Wreck 2000" last week held us back temporarily. Actually created an ideal time to buy more -I previously had wished that I opened a larger position and now I've got it. The story continues to develop in our favor. You must realize this whole thing is a process - hold on tight because if you're in by now - you're definitely in on the ground floor - not an easy find in this overvalued tech market. We have a lot in our favor - strong proven management - cash - the wireless sector with an evolving product line and a very bullish chart.
Remember: Think Fundamentally and Trade Technically !
LONG on LAN