gingerheadtrader

TTMI; 20% implied gain by New Year

Long
NASDAQ:TTMI   TTM Technologies, Inc.
If TTMI is able to consolidate and find a bottom down here at this lower trendline I would expect the price per share to move up and 'fill the gap' to $17, at least. This probably won't happen all in one push, but if price is able to push above the middle Bollinger Band on the daily chart and stay there, confirmed with a MacD cross then I would definitely expect a sharp move up as I believe this recent sell off was rather overdone.

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