technicals getting to iversold territory, page-7

looks like 6.00 will be tested over the next couple of sessions; If this is another correction on the DOW back down to 8250 or even further to 8000, TOL being an ASX50 company and in transports might be tested here.

Hope 5.92-6.00 holds thru a down turn in DOW.

***This stock is a diffrent beast to what it was when it took a nose-dive back in march to 4.50 or thereabouts

They came with a BETTER THAN EXPECTED first half report which capitulted the stock back up on a massive uptrend

Theyve made all these recent acquistions too plus positive news on contracts

Even if market goes back to 8500-8600, i dont expect 5.80 or thereabouts to break

The fundamentals a little different now ever since the 26th of february with that half yr report, and i think the yearly report will be to the upside and the upper bandwith of EPS forecasts.

This all of course ASSUMES a pretty big correction on DOW back to 7800-8000 and the ASX to 5500-5600

Im looking to enter for some more in the next few sessions

6.00 will be a big test

Its waaaaaaaaaay oversold on indicators, so even if market has a correction, i would expect a comeback at some stage

If stops go off on 6.00, it wont stay down long for long.

I get the feeling that around $6.00 will hold give or take; if stops go off then 5.90-5.92 and thats it unless theres a massive correction.

*There were ALOT of closes around $6.00 on chart and alot of highs intraday around 5.90, so you can draw a support around 5.90-6.00

This support area will be strong