TV Today stock broke out in 2012 but it looks the stock will perform in 2014.
Here’s the TV Today Chart
As you can see in the chart above: TV Today stock broke out above 65 in September 2012. Post Breakout, stock made a vertical move to 92-94 by Jan 2013. But after that, stock went in for long sideways consolidation b/w 65 and 92 which ended pretty badly in August 2013, when stock made a dramatic decline below breakout point. The good thing: stock immediately reversed above the breakout point and again resumed Breakout and Bullish Journey.
In Nov 2013, TV Today stock made another BIG Bullish move from 85 to 110. This move marks resumption of fresh momentum move in weeks and months ahead. It means stock is a BUY b/w 105-112. TV Today will be a stock to watch in 2014 but if stock declines below 99, then we would review the stock again. As of now, stock looks BULLISH.
