Thornburg Mortgage, Inc. (TMA) Technical Analysis

Today we'll analyze the Stock TMA for online market trading,
Technical indicators to notice:
1- Last bullish trend was from 1.48$ (03/27/08) to 1.65$ (03/28/08) a 0.17$ move
2- The current bearish trend started from 1.65$ at 03/28/08 and is currently trading at 1.21$.

3- According to ADX, the trend is currently strong bearish,which is becoming weaker.furthermore, the ADX location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
Short term chart patterns :
4- The Stock formed a 0.6$ height triangle which was broken down at 1.21, target of the pattern is 0.61.
Mid term chart patterns :
5- The Stock formed a 0.6$ height triangle which was broken down at 1.21, target of the pattern is 0.61.
Long term chart patterns :
6- The Stock formed a 0.6$ height triangle which was broken down at 1.21, target of the pattern is 0.61.

Conclusion:
TMA was trading in a strong bearish wave, which is becoming weaker .
Technical indicators and chart patterns show highly volatile movements favoriting bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy , because of the high expected future volatility, consider constructing symmetrical options strategies for buying volatility through strangles or straddles.
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Resistance Levels: 1.31, 1.38, 1.43, 1.48, 1.65, 1.65,.
Support Levels: 0.61,.

Thornburg Mortgage, Inc. (TMA) Technical Analysis

Today we'll analyze the Stock TMA for online market trading,
Technical indicators to notice:
1- Last bullish trend was from 1.79$ (03/07/08) to 2.28$ (03/14/08) a 0.49$ move
2- The current bearish trend started from 2.28$ at 03/14/08 and is currently trading at 1.13$.

3- According to ADX, the trend is currently strong bearish, which is getting stronger.
Short term chart patterns :
4- The Stock was resisted by a resistance line, identified by two points: 2.28 and 13.12 that was broken up at 1.13 transforming into a supporting line.
Mid term chart patterns :
5- The Stock was resisted by a resistance line, identified by two points: 2.28 and 13.12 that was broken up at 1.13 transforming into a supporting line.
Long term chart patterns :
6- The Stock was resisted by a resistance line, identified by two points: 2.28 and 13.12 that was broken up at 1.13 transforming into a supporting line.

Conclusion:
TMA was trading in a strong bearish wave, which is becoming stronger .
Technical indicators and chart patterns show bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy .

Resistance Levels: 1.40, 1.57, 1.70, 1.84, 2.28.
Support Levels: 0.11,.

Thornburg Mortgage, Inc. (TMA) Technical analysis

Today we'll analyze the Stock tma for online market trading,
Technical indicators to notice:
1- Last bullish trend was from 0.71$ (03/10/08) to 2.85$ (03/12/08) a 2.14$ move
2- The current bearish trend started from 2.85$ at 03/12/08 and is currently trading at 2.25$.

3- The stock current support level is at 2.03 which is the 38.20% fibonacci retracement of the last 2.14$ move.
4- The stock current resistance level is at 2.34 which is the 23.60% fibonacci retracement of the last 2.14$ move.
5- According to ADX, the trend is currently strong bearish,which is becoming weaker.furthermore, the ADX location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.

Conclusion:
tma is currently trading a strong bearish wave, which is becoming weaker .
Technical indicators and chart patterns show highly volatile movements favoriting no favorited direction,
recommend hold or waiting for entry , because of the high expected future volatility, consider constructing symmetrical options strategies for buying volatility through strangles or straddles.
.

Resistance Levels: 9.94, 2.34, 2.39, 2.48, 2.55, 2.62, 2.85, 2.85.
Support Levels: 2.03, 1.78, 1.53, 0.71, 0.13, -0.61,.