I got into TTNP yesterday around .40; I intended to sell PM today, until I revisited the chart. Here's why I think you should hold this in the short term.
Here's a chart with some of my favorite momentum indicators: LazyBear's Trend Trigger Factor, LazyBear's wave trader, LazyBear's Squeeze Momentum indicator, RSI, and Jurik's VEL (a centered version of MOM oscillator). All of these indicators suggest that yesterday was only the beginning of a VERY strong uptrend. Even on 18mil volume yesterday, the RSI still isn't indicating we're in overbought territory. Most of these indicators suggest we've only just reaching the momentum center line. I'm holding until my preferred fast MA indicator (I use Jurik's JMA) crosses back below the 10-day DWMA. The question isn't whether you should sell today - it's whether you should buy more.
good luck to all.
Here's a chart with some of my favorite momentum indicators: LazyBear's Trend Trigger Factor, LazyBear's wave trader, LazyBear's Squeeze Momentum indicator, RSI, and Jurik's VEL (a centered version of MOM oscillator). All of these indicators suggest that yesterday was only the beginning of a VERY strong uptrend. Even on 18mil volume yesterday, the RSI still isn't indicating we're in overbought territory. Most of these indicators suggest we've only just reaching the momentum center line. I'm holding until my preferred fast MA indicator (I use Jurik's JMA) crosses back below the 10-day DWMA. The question isn't whether you should sell today - it's whether you should buy more.
good luck to all.