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thanks Rickn didnt spot that on the weekly nice pickup ! yeh the...

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Whitewolf89

802 Posts.

3

04/07/21

21:08

Post #: 54272790
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Originally posted by rick64: ↑

Good to see you back @Whitewolf89
Had a look at the TSO so thoughts are mine only.
If you look at the weekly it has actually broken out of the D/T and come back to roughly support. I believe the previous bar was a morning star. Both weeks have been above average volume. I haven't read the announcement but looks like the market didn't take too kindly to 'Bonanza' grades.

On the daily there was good volume on news day but a small spread which failed to break the trend. Next two days was like one large bear engulfing on average volume until it finally broke through next day with improving volume and then confirmed but it has found resistance at that pivot low going back to August last year. Will be watching closely for this to break and hold and I have a first target of 21-23.
All IMO only.

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thanks Rickn didnt spot that on the weekly nice pickup ! yeh the last weekly candle not the best, just gotta wait and see what she decides to do
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