TNT Chart, page-4554

First 4554 Last

Share
Profile

Follow
SunkDestroyer

120 Posts.

35

10/01/22

16:25

Post #: 58756043
Share

Originally posted by Sdaji: ↑

I was moderately expecting a breakout this week (see the chart) with 18c being broken and resistance being tested, but at 16.5c, TNT has fallen below the support line and is in a pretty precarious position. Unfortunately it seems unlikely to maintain the positive trend/chance at breakout it looked like it was setting up for. Hopefully it will settle into a sideways channel until it moves upwards, but there's the potential to plunge lower in the near future. I'm really not sure what it will do from here but it doesn't look positive in the near term. If I had to guess I'd say it will retest 15c support, which will hold, and there will be a period of sideways movement between 15c and 18c for some time, perhaps testing 20c resistance but I definitely can't see that being broken without some positive news. My guess is that the quarterly this month won't bring any surprises so will have little impact on the chart, but I'll be very interested to see what it actually looks like.

I'm definitely still glad to be watching from the sidelines rather than within the action, and obviously very glad I sold when I did, but it's quite an interesting chart (and company/FA) to be watching. Looking at the fundamentals I think TNT may do well overall this year (for all the reasons I was talking about between mid 2020 and late 2021), but in the near term I can't see much of a bull case.

View attachment 3971915

Expand

What do you think the SP will be by 2025? Because that's how long I plan to hold for. I am in no rush

Last edited by SunkDestroyer: 10/01/22

TNT Price at posting: 17.5¢ Sentiment: Hold Disclosure: Held
6 Upvote

0 Great analysis

Reply

Top Stories

PRU

Perseus Mining boosts stake in Predictive Discovery to 19.9% as latter's flagship project stalls

BIT

HotCopper users blunt as Biotron sinks -35%; long-awaited COVID drug results same as placebo

LAM

Laramide sniffs prime Kazakh uranium, with agreement over 6000 square km land position

RMX

Red Mountain Mining: record gold prices, two projects, two greenstone belts

Week 36 Wrap: AI hype wave tested again; Oz per capita recession continues; AirTrunk’s $40B+ payday

SBW

Shekel Brainweigh investor presentation webinar – the future of retail automation

As Nvidia cools, we're looking to Aussie AI

CBA breaks trading record on strong day for Aussie financials

OCC

Orthocell kicks off collagen-based dental bone repair product sales in Canada; eyeing next stop Brazil

QML

Metallurgical testing shows saleable copper and pyrite from QMines' Develin Creek project

There are more pages in this discussion • 466 more messages in this thread...

First 4554 Last

Add TNT (ASX) to my watchlist

TNT Chart, page-4554

Top Stories

Perseus Mining boosts stake in Predictive Discovery to 19.9% as latter's flagship project stalls

HotCopper users blunt as Biotron sinks -35%; long-awaited COVID drug results same as placebo

Laramide sniffs prime Kazakh uranium, with agreement over 6000 square km land position

Red Mountain Mining: record gold prices, two projects, two greenstone belts

Week 36 Wrap: AI hype wave tested again; Oz per capita recession continues; AirTrunk’s $40B+ payday

Shekel Brainweigh investor presentation webinar – the future of retail automation

As Nvidia cools, we're looking to Aussie AI

CBA breaks trading record on strong day for Aussie financials

Orthocell kicks off collagen-based dental bone repair product sales in Canada; eyeing next stop Brazil

Metallurgical testing shows saleable copper and pyrite from QMines' Develin Creek project

Featured News