Would you consider it a good move to buy TITN now after it is up about 30% in one week? If one were looking to buy for a long term hold, do you think one should wait to buy in or do you feel buying at this level is a good bet(meaning you do not think there will be much puulback now)?
thanks, Mike
Sensei
· 1 year ago
I think TITN can either go further or hit a pullback zone here. There are some signs of overbought, but not much. We just cleared recent highs made back on Jan 14th. Some people buy these type of breakouts. I don't particularly like buying breakouts, but TITN does look like it could continue. The weekly chart looks really good here. I would say buy it, with a stop at 17 bucks.
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thanks,
Mike