TNT 0.00% 13.0¢ tesserent limited

TNT Chart, page-28

  1. 5,433 Posts.
    lightbulb Created with Sketch. 2140
    Please keep in mind these are not my targets. When talking about the technicals I haven't been talking about what I plan to do or what I expect to happen, I'm talking about what the textbook says according to the basic rules of technical analysis.

    I do think the 10c figure this week or early next week is likely (because people and algorithms will follow the rules), and yes, it's possible to over or undershoot the textbook technical figure for various reasons. Usually from this chart I'd expect a drop after the 10c textbook target has been reached as people take profit and the market follows, but as described above, the timing with the 4c is perfect (assuming the 4c is good) and that will shape the price going forward.

    Biased as we are, I agree, the 'feel' of the recent action has been positive, but that's expected from months of upward trend. All the stars are aligning, we just need a good report next week.
 
watchlist Created with Sketch. Add TNT (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.