Top Frontier Investment Holdings (stock symbol: TFHI) encountered a drastic dip shortly after its IPO back in January. Sellers have been active early on and sent this stock down to as low as the upper-50s before it made a significant bounce.
Will TFHI dip back toward the 60s? Nobody knows at this point.
The Stochastic indicator is well above the overbought territory, but so far there is no sign of a reversal.
TP’s Advice: There is not enough chart information, but TFHI could provide a buying opportunity depending on price action in the coming weeks. Keep an eye on the tentative range extremes (60 and 100).
Should you monitor this like a hawk? Not really. There are more attractive stocks out there.