Breakout Confirmed... ...as far as I'm concerned. I bought back at $11.90, on what looked like a bottom triangle forming, and that's come to fruition. Big volume on the upside breakout, and we still have two days to go this week, which (provided we stay at his level or higher), adds to the break out volume. Often, consolidating patterns (triangles, diamonds, head and shoulders, etc.) occur before an anticipated report (earnings, technical, etc.). The breakout, or breakdown, is based on the quality/nature of the anticipated news. Today's report was excellent, in my opinion, given the challenging nature of the North American natural gas market.
The completed triangle gives as upside target of ~$16.00, so bar no horrific surprises, buy TLM on the dips, set your stop limits, and and look for another +23% gain from this level.
All the best TLM'ers!
~BT