I want to address some topics of trading:
- Lines Gaan
- Darvas Boxes
- Price Targets
TomTom's shares attracted my attention with the rise of 12.36% at September 30, 2010. A day that was not known any news, and this behaviour was unusual in relation to others.
The decision to get in the stock after rising so sharply can only be taken with conviction by a very experienced trader.
This initial rise was a sign that the stock price would start rising significantly.
Today, UBS raised its recommendation on the stock to buy with a price target of 9.50.
Again the prices broke a range standing well above the 7,50 line.
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