First of all I would like to say I am no chartist but have been monitoring TRH for a while and looking to time my entry.
As such I have been looking at the chart and notice that there are a couple of interesting points:
1. TRH has recently completed a 50% Fib Retracement
2. As of last night TRH is pretty much on its support line
If it goes up from here we could see a nice bounce, however there is risk that it breaks below support and tests the next Fib level at around 28.5c.
I would welcome any comments.
Apologies for the crudeness of the graph (MS Paint is not much use for this kind of thing!)
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50% fib retracement
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