I have made several positive comments in TeleChart Platinum chat over the past week or two. This morning just before the open I wrote, [1/27/2009 9:28:38 AM] (PeterWorden) "Healthy consolidation continues in TTES. I expect it will soon break higher."
The stock price has been holding above its 20-bar (40-day) moving average and has formed a small cup and handle. My volume-weighted MACD actually completed a positive crossover (on this 2-day chart) a few weeks ago when TTES rallied off the December double bottom.
TSV reversed its downtrend as price came off the December lows. In fact, the upturn in TSV actually preceded the upturn in price, hence a series of positive TSV divergence were created. TSV moved back above the zero-line a couple of weeks ago where it remains.
After spending several months pinned down in oversold territory, my Worden Stochastic has turned higher and is now approaching the 80 level. This suggests some strong upside momentum with this move. TTES may test the 50-bar (100-day moving average) from here.