TIV-SPECULATIVE LONG TRADE

I have a watchlist of stocks I've been running through as the market has been quiet, TIV was one of them. One of our members who does well with these speculative stocks just emailed me about TIV so  decided maybe it's time to put up some charts. Keep in mind, this is a VERY SPECULATIVE trade.

 Note the recent multi-year all time highs in volume recently (highest since late 2003 when it began trading). The volume is into a relatively lateral trend which is where accumulation often occurs.

 On a daily chart, a triangle has taken shape, these often act as bottoms and tops when they are larger then the typical consolidation triangle which this one is. Volume looks good for the price pattern as well. This is a very obvious triangle, but again since the stock is so speculative, it may fly under the radar of the pattern manipulating black box trading systems.

 Here's a closer look with the cross-over screen, note the last crossover was not a true signal with all 3 screens confirming, the recent crossover is a confirmed buy signal.

 The daily 3C/TSV 55 chart shows positive divergences at the lateral trending lows.

 The hourly chart had a nice positive divergence (accumulation) before the recent run up into the triangle.

 The 15 min chart is showing a rare positive divergence inside the triangle, most indicators get lost in consolidations so this must be fairly strong to show up.

 Here's the current Trend Channel stop if you were to take a position right now, I'd keep the stop below $.50 as $.50 would be a very obvious stop level. The stop is also on the close and if at all possible, keep it a mental stop and not on your broker's books where it can be seen by Wall Street locals.

Here the weekly Stochastics has done well calling the up/down trends or entry/ext signals, currently a long entry signal.

As I mentioned, this is a highly speculative trade at $.61. The % gain today makes it hard for many to buy, but you have to keep in mind how inexpensive the stock s which distorts the percentage gain. I prefer to make the decision based on the charts and not worry about % gains in these situations.

An alternative entry could also be on the breakout of the triangle around $.66. If you trade TIV, make sure risk management is in place and I prefer a more conservative approach in these speculative trades.