TNT Chart, page-4470

First 4470 Last

Share
Profile

Follow
hubbo27

1,094 Posts.

136

10/12/21

14:36

Post #: 58216460
Share

Originally posted by Sdaji: ↑

TNT made an attempt at breaking long term resistance for the third time today. Having touched 17c again today it looks like this attempt has failed and we'll probably see 15c again before Christmas. I'm still not sure if we'll see that technical target below 10c, it still seems a bit unrealistic, but seeing it as far more possible than I did when we first saw TNT break down out of the triangle at the end of October.

I'm very confident that we'll see TNT take a decisive movement one way or the other by early January (when long term resistance comes down to 15c). At that point it has to either bounce or fall through 15c support. Until then it may well sit within 15c and the declining resistance line. Seems likely after what we've seen on Wednesday, Thursday and today. This fits pretty well with the fundamentals, with the acquisitions bringing mixed sentiments. Fears about an upcoming CR could well help push it down to the technical target. Before the acquisition I was thinking 15c might have been the low, and it still might have been, but I expect we'll probably at least see it touched again and it now seems more likely that we'll see it fail.

I definitely wouldn't want to be holding until it has confirmed a breakout above long term resistance - the chart tells a pretty clear story!

Expand

who has fear about an upcoming cr. seems like you didnt buy in at 15c so need another chance. id hope we hold above 15c until the next quarterly. if its good break out if average or bad break down.

TNT Price at posting: 17.8¢ Sentiment: Hold Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

Bitcoin hits fresh record as instos pile into BTC ETFs – and Trump helps, too

Week 44 Wrap: Relatively boring week ahead of US election; HotCopper's most watched; Oz inflation at 3.5%

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

What each US election outcome would mean for Australian companies & investors

Making money: How many microcaps should be in an investor's portfolio?

Aussie inflation seemingly hit a 3 year low. So why's the ASX200 red?

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

'We're looking': Nickel-rich Indonesia sounds graphite warning to Aus producers

MIN

Movers and Shakers: Zip Co, MinRes, Kuniko, more – The week's top ASX gainers

The Altcoin Landscape (Part 1): Key alternative cryptocurrencies to watch