What looked to be a breakout Monday has proven to be a false break, however there are a couple of promising signs:
1. The serious buying on Monday (>3M shares hoovered in around an hour) 2. Decent volume the remainder of the week but we've only retraced from 18.5c to 17c - a clear sign of accumulation 3. Holding pretty steady at 17c today in the face of a very weak market
Happy to hold for longer as the value proposition is compelling at these levels.
TNT Price at posting:
17.0¢ Sentiment: Buy Disclosure: Held