Technical Analysis Thread, page-6

TON - 34c

WEEKLY chart - longer term is holding the 50dma ( 32.5) and is above the weekly 100dma (21c) and the 200dma (13.5) so longer term still bullishly configured
The fact that prices remain above the 50% RSI level supports this longer term view

DAILY CHART - shorter term TON is retraceing from the recent low around 13/13.5c in March to the recent high of 71c early April - yes it is a volitle ride for sure
The 61.8% retrace comes in around 0.35c
Ultimately prices are still ABOVE the 200dma ( 29c) the 100dma (24c) and consolidating in the shorter term

Prices need to get back above 12dma ( 35.5 -36c) and get above resistance at 40 and more importatnly at 0.43c that is the biggy short term!

So both longer n shorter term prices are bullishly configured ( above 200dma in both cases) - just taking a breather having risen from 13c in March ( that is still some 300% up hey!!)

So I am long and patient

Cindy