TVN 6.25% 5.1¢ tivan limited

I think you'll find 14c is the next support @ the 61.8% fib...

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  1. 21,239 Posts.
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    I think you'll find 14c is the next support @ the 61.8% fib retracement - if 14c were to fail then IMO you'd see the stop losses seriously kick in. But in an overall sense, market sentiment is clearly down, many companies with reasonable prospects are slowly being throttled by market uncertainty and additionally Sep/Oct are among the worst market months - if anything bad is gonna happen these months are traditionally the ones in which it happens. And isn't QE supposed to end this month? what's the replacement strategy? maybe the markets are awaiting bigger outcomes and money is being withdrawn to the sidelines until there's more long term certainty. Market sentiment dominates in all circumstances at all times and there's bugger all any individual company can do about broader issues except sit it out and wait for more confident times.
 
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