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Ann: TNG Shareholder Newsletter, page-135

  1. 3,013 Posts.
    lightbulb Created with Sketch. 283
    12.5c actually looks like a somewhat important short term point of resistance. A sustained break above that should see us range in the 12.5c to 15c area, which I personally think we'll see based on recent trading. From memory @Ajinomoto identified around 13c-14c a while back now as the major long-term base of support... But of course, no stock that sees ~50% in the space of week is immune from those traders looking to close their positions, so perhaps we might see a bit of a pull back before we settle back into this range?

    Zooming further out than my snapshot shows, it looks as though ~18c is then the next level of resistance above 15c. Red line shows the recent downtrend, which TNG appears to have broken with flying colours.
    https://hotcopper.com.au/data/attachments/1518/1518846-24863d689755145afb066dfad6e04de4.jpg



    Last edited by journeyman: 24/04/19
 
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