09.09.2014 - We expect a confirmation of the signal to open positions on shares Tenneco Automotive
Tenneco Automotive's share price after the consolidation in the range 64,00-65,00 approached to the bottom of the rising channel, in case of price rebound from this level and overcoming the mark of 65.00, we recommend to open long positions with the targets near 69,00 and 71, 00. Stop should be set below 62.50. In case of breaking through the bottom of the channel and fixing the price below 62.50, we recommend to open short positions with the objectives of 57.50 and 52.40 and the stop above 65.00. We expect continued growth in the near future.