TCH 0.00% $1.67 touchcorp limited

Just a technical retrace to the old breakout point on the chart...

  1. 9,081 Posts.
    Just a technical retrace to the old breakout point on the chart around the $2 level. Quite a common occurrence to retrace and test a breakout level. $2.00 should hold and then the move forward should be sound and sustained. The fundamentals look excellent for TCH - sustained earnings stream plus share holdings in sundry "partnered" companies. To my mind this is looking like an excellent business model with limited downside risk. One to buy and lock away for few years methinks. Of course there's always the risk of some undermining event from left field but that possibility looks very remote. I rate it a buy at current levels.
 
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Currently unlisted public company.

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