TRY 0.00% 3.0¢ troy resources limited

Patience, page-143

  1. 967 Posts.
    lightbulb Created with Sketch. 273
    Yes barret81, the buyers won yesterday. More significantly, the first of your charts (the daily chart) shows a Reversal Day, ie. prices pushed down below the previous day's low and then closed above the previous day's close.

    Some may think this is no big deal (and they may be right) but it's interesting to note that this is the first 'Reversal Day' since June 2016 when TRY's share price was around 50c.

    Yesterday's volume wasn't huge, and the price range wasn't large, so it was a relatively weak reversal day. But a reversal day nonetheless.

    A new low below 8.7c will of course negate any potential bullish significance of yesterday's price action.
 
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