THRM has been consolidating since it break above 0.47 last week. 0.47 has served as a good support since then. Today we tested below 0.47, found no supply (low volume) and went back up to close firm on the high, above yesterday's close. My target is last week's high at 0.52. That would be a nice 13.5% gain. My stop loss is right below today's low at 0.45.
The Weis wave show weakness in the background though. Hopefully that's not enough to cause trouble.
The Weis wave show weakness in the background though. Hopefully that's not enough to cause trouble.
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I didn’t like that reversal so I closed the trade.