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TSL breakout?

May 7th, 2008 · No Comments

It’s far from confirmed, but the last two days, with the impuls from ever rising oil prices, TSL could finally break through it’s 200 day moving average. Here’s the chart:

If we close above 45 and hold tomorrow, we will likely have a new leg up. But one also has to realize that we’re getting close to earnings, in their last earnings call, they talked of some margin pressure.

In a way, this is good, so expectations might not be too high for the first quarter. But then again, most observers realized that they would have a blast in Q4 2007 because of a big increase in production capacity, and we had the mother of all sell-offs in the first six weeks of the year, before the earnings.

Tough call this. Wait for confirmation.

Tags: TSL