TVN 2.61% 5.9¢ tivan limited

Ann: R&D Refund, page-27

  1. 3,186 Posts.
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    Unfortunately the current SP is being driven by TA. Regardless of what the fundamentals are, and they are extremely positive, the downward trend need to be broken before you have significant buying interest return. I see this either coming from a left of field announcement (a la OBJ), or sellers becoming exhausted leaving only the strong hands and long termers (a la ADO). The main concern here is the number of stop losses that may be hovering in the $0.14 - $0.145 area. If significant in volume you may see a capitulation or tree shake event take place and an SP around the $0.10 mark.

    I must declare that I have been stopped out at $0.17 a week or so ago. Although I love the story and think long term this is a great company to be invested in, i'm quite strict in my risk management these days.
    Last edited by CYMON: 07/10/14
 
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