If you are a buyer want more shares, you would like the price to go down a bit more and you can pick it up cheaper. THOR's share price has retraced more than 20% from the recent high, sellers (including stop loss sellers)should have done their sells I guess unless someone can push it down further to scare some holders.
Accumulation (consolidation) looks like come to an end. Don't know why people sell here? Probably out of patience or have other better opportunities or think it is going to go down more and they can pick it up again cheaper?
We have enough medium/long term believers here to support the share price (especially when it already retraced so much from the recent high), look at the consistant volume which supports THR's share price from mid-March. That is because many realize how much upside potentials in it in the near future.
Any push could lead to the share price go back to test the recent high which would attract more buyers (even before the announcement). It wouldn't take much for this stock to fly, there are enough long term believers here, I am certainly one of them.
THR Price at posting:
3.5¢ Sentiment: LT Buy Disclosure: Held
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