Looking purely at the technicals I would also be inclined to be cautiously bullish, but have you taken the fundamentals into account at all? In a situation like this where it could either bounce or fall through suppose based on the technicals, I think the fundamentals will often push it one way or the other, and to me, what was shown to the market on Friday looks terrible when you take the time to sit and think it through.
If you only look at the technicals, what do you think the chances of it falling through support are, and in that scenario how low would you expect it to go? If it bounces off the double bottom the technical target is easier to predict, but given the terrible figures within the positive spin today, I can't see those technical targets being hit.
- Forums
- ASX - By Stock
- TNT
- TNT Chart
TNT Chart, page-4393
-
- There are more pages in this discussion • 627 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add TNT (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
RCE
RECCE PHARMACEUTICALS LTD
James Graham / Dr Alan Dunton, MD & CEO / Non-Executive Director
James Graham / Dr Alan Dunton
MD & CEO / Non-Executive Director
SPONSORED BY The Market Online