Short Term Trading Week Starting: 6 May, page-66

STTCOMP DTZ TA LONG

212mill SOI

$16.4mill mcap (approx).

Recent placement at 6.0c to 'SI and pro' investors raised $1.5mill, should have enough for this qtr at bank if est. spend is achieved might have enough for Q3.

Might be jumping in early on this............but vols are well above 50MA last few sessions and price well below the lower BB and below recent raise price on a volatile move that should calm down near term imo as sellers seem to be looking to match out at recent raise price and have achieved said goal.

Stoch K% has plummeted today to zero with D% to follow if weakness continues.........would expect a bounce or sideways action from here as price stabilizes at or around the 6.0c placement value.......last time price hit these levels approx mid June last yr bounce was significant and so may see support established here at the very least or reversal. FWIW target exit price would be approx 7.3-7.4c on any bounce or reversal in near term.



Weekly also has this well oversold on Stoch and again shows the possible support level at around 5.8c. Would like to pick this up off a lower base if possible but will tip this now as it looks likely to meander or bounce from here.