Chart update:
Broke out above resistance on good volume but failed to hold the breakout. Too much supply came in above 33.5 and not enough demand. I highlighted earlier that someone kept adding new sell orders at 34 each time it would get wiped, so that was a bit concerning early on. Supposedly Hartleys have been selling this week too.
I'm thinking we may re-test 29.5 next week, maybe even 25 if 29.5 can't hold.
As always though, this is a solid stock to be holding, i'm just putting my TA skills to the test and trying to buy on lows and sell on highs as well as holding a long term parcel. Also hoping that i'm passing on some TA wisdom to other newcomers.
Have a good weekend all
- Forums
- ASX - By Stock
- Ann: TMT - INVESTOR PRESENTATION APRIL 2017
Chart update: Broke out above resistance on good volume but...
-
- There are more pages in this discussion • 17 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add TMT (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LPM
LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non--Executive Director
Simon Kidston
Non--Executive Director
SPONSORED BY The Market Online