Tibco Software (TIBX) : Kumo bounce off

TIBX is making a very nice move again.

This is one of the longest position that I have held.

We can see that the Chikou Span suggested a support level of around $19 and the despite the drop in December, the Chikou Span did not pierce through the price level there.

The price consolidate near $19 and bounce off the kumo support on high volume. This is a good sign for the stock.

Next target is for it to break 52 weeks high.

By iam802

Trend trading with Ichimoku