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27-Jun-08

Tim.to

tim

timm

Timminco is a Canadian manufacturer of high grade silicon for the solar industry whose stock price has been one of the best performers of $TSX in the past two years. I believe it has the potential to find some support here at it’s 10wk/ema on the 2yr chart above. The 4-mo chart isn’t your traditional cup w/handle pattern although it has some similarities, but you can’t argue that the high volume up days have dwarfed the low volume declines and volume has dried up to next to nothing as of late. It could be setting up to make a big move either way, but I think odds favor a continued move in the current overall trend.

I can trade this stock through my broker Ameritrade, using the OTC symbol TIMNF. I’ve found that although there can be liquidity issues with many Canadian stocks, there are many extremely strong trends in these stocks. It makes sense since the $TSX is heavily weighted in commodity issues which have been the best performers out there.

Tagged Stocks: MO

 

Posted at 14:27 in External Blog  |   Permalink  |   Comments ()     |  Top

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