By my calculations (just going on the trendline) the deadline for beating 30c is Tuesday next week. The only way we'll end August below 30c is if the trendline is broken.
Having said that, as robust as the trendline is, it's extreme and unsustainable and I don't expect it to last for long after breaking 30c, and 30c seems like a reasonable level and round figure for a period of consolidation.
All things considered, I'd make a guess for ending August around 30c in a consolidation/sideways channel phase. I doubt we'll be far below 30c and there's some chance of being significantly above it, difficult to call with certainty, but at this stage, 30ish at end of month is my guess.
If we have any particularly good news such as details of another acquisition, which is entirely likely, all bets are off and I'll be expecting higher.
TNT Price at posting:
27.0¢ Sentiment: Buy Disclosure: Held
