From a T.A.'s point of view once TON reached the 65 - 68.5c bracket one could say there is a very good reason to, at the very least, take some "Cream off the Table" right now.
What (TA)reasons you may ask?. Well, since our "breakaway Gap", just above the 8.5c-15c range back in mid June, we have seen a "midway Gap" and, just this week, a (sort of) "exhaustion Gap" warning us of some sort of top is
nearby if not already. Together with what looks like a wave(v) of wave 5 structure completion, possible/probable_ve Divergence on most momentum oscillators and measure moves coming in within that bracket 1st mentioned(100% extension of "midway Gap" level from Oct 13 swing low plus last impulse wave = 100% of 2nd Impulse wave) its very likely this is it for awhile and we see a more prolonged consolidation begin to take place.
Sure, the FA? sentiment is driving this but the TA assessment is enough for me to take some of that "Cream" anyway. And besides, you can never knock a very good profit.
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