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TON

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16.7%

1.0¢ triton minerals ltd

Elliott Wave knows which way its going !! We're in Wave 4...

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CliveH

205 Posts.

13/08/14

11:26

Post #: 13810034
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Originally posted by ARMCH ↑

Some observations - If you have access to a daily chart draw 2 horizontal lines at 31 and 40 cents. The initial breakout on June 5th couldn't break 40 cents and hold so the price bounced around this zone until the breakout on July 1st - Then the hot money poured in an we had the typical take off and subsequent reversal back to the 40 cents level breaking 40 cents through on August 8th.

TON is now back in the same zone between 31 and 40 cents with 40 cents as resistance and you can see that it hit support at 31 cents on August 8th and bounced from 40 cents resistance over 4 of the last 5 days.

Nobody on this forum has a the slightest clue where it is going from here despite all of the wild predictions. The only information available right now is that the stock is trading in a zone between 31 and 40 cents. A break below 31 cents might happen or not and a break above 40 cents likewise. It might form a consolidation pattern from here as the hot money moves on, that is about the only assumption I could make.

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Elliott Wave knows which way its going !! We're in Wave 4 (sideways), part of a higher degree five wave structure called Wave C.

TON Price at posting: 32.0¢ Sentiment: Sell Disclosure: Not Held
1 Upvote

0 Great analysis

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(20min delay)
Last 1.0¢		Change -0.002(16.7%)		Mkt cap ! $15.68M

Open	High	Low	Value	Volume
1.0¢	1.0¢	1.0¢	$5.104K	510.3K

Buyers (Bids)

No.	Vol.	Price($)
3	576387	1.0¢

Sellers (Offers)

Price($)	Vol.	No.
1.1¢	1205144	3

View Market Depth

No.	Vol.	Price($)
3	576387	0.010
6	1002111	0.009
3	1422863	0.008
4	795619	0.007
5	1216475	0.006

Price($)	Vol.	No.
0.011	1205144	3
0.012	1244607	8
0.013	700000	3
0.014	1299399	2
0.015	482500	3

Last trade - 16.10pm 16/10/2024 (20 minute delay)

TON (ASX) Chart

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