On the one-year chart:
TIS tested resistance at around 37.5 cents several times in Feb to April 2014 without managing to break through. It tried again around 25th April 2014 and was unsuccessful. It finally broke through about 1 Sept which is the point at which I began to gain confidence that the insiders felt there would be a positive decision from the EU panel.
Since then it has tested support at 40 cents on two occasions without breaking through.which gives me further encouragement. That said I'm watching the market very carefully and am set to get out at around 35cents if things don't go as I expect (hope!)
Price projections - anyone's guess but my gut feelings are:
EU postive top about 80cents
EU delay back to 25 cents
EU negative 10 cents
The reason I'm not going above 80 cents is that once the initial enthusiasm has passed it's a very long wait until the US trials are completed and I'm not interested in treating TIS as a 'dividend' stock
Add to My Watchlist
What is My Watchlist?