Interesting thought.
OK firstly, TG do not teach anything about entries for trading (although they do offer trading rooms with a professional trader at an extra cost, to help learn).
All they really teach is "reading a chart".
And from my own experience, trading & chart reading are definitely two different skills (where a person can be a great chart reader, but a poor trader, or vice versa....and sometimes both).
So trading is another topic completely, and cannot possibly be covered in a single post, so I can give a brief overview only.......
Firstly, it will probably depend on a few different things.
What timeframe you intend to trade within, how long you intend to hold for, your risk appetite, and account size being the most important.
It probably isn't going to be a day trading stock due to a lack of liquidity.
So a swing trade of some sort is most likely.
Next you will need to work out some sort of risk reward equation, that suits you and your account size.
Now some traders will trade the breakout of the range, and others the retest of the breakout (or some form of the breakout eg-a momentum trade), which in this case would be at 4.3cps (so looking for an up bar with a decent spread that most importantly closes above that level). These breakout methods are generally for shorter holding times (although a good one can be morphed if required), and carry a bit more risk as the stop (hard or imaginary) needs to be a bit wider, but has the advantage of either 'working' or 'failing' fairly quickly.
And for a longer hold, and/or a potentially lower risk overall (a tighter, but perhaps more vulnerable stop), the stock could be bought at the lows of the range as the testing continues (in a way accumulating along with the accumulators). This allows for a lower entry price and a stop (hard or imaginary) which can be place much closer to the entry point (reducing risk).
This method means you may just have to hold for a longer period, not knowing when (or even if) it will break out, but it has the advantage of a tighter stop (less risk).
Here is a chart of trading timeframes, courtesy of mitta.
View attachment 129591
There are more ways to skin a cat as well.......
But this subject is just too big to adequately cover here in one post.......but you get the idea.......
cheers
