Haven't seen this number and volume of buyers lined up for a very long time .. and rightly so. Now 128k on the buy side and only 77k sellers.
The share price defies logic really ... ever since TZ rallied to $2.90 in May with the first announcements of Intevia successes the trend has been DOWN! With every subsequent piece of good news a brief rally has been suppressed by sellers from off screen ... now after 10 bits of good news in the last 3-4 months TZ is still tracking down. It needs to break out of the downtrend above $2.40 initially then above resistance at $2.60 and $2.90.
I tend to agree with amex that there has been a concerted effort to keep the share price down .. and I've complained to ASX about it. Now thw 5k sell orders have stopped but still we get regular (often Monday) sell downs.
The current building interest in TZ's activities should see it break out of its trend .. if its allowed to that is!
H
TZL Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
