It is already very good today after two days of mad run, the volume is healthy too for this stock. Consolidation is good for the share price in the longer run, I guess quite a few share holders are looking at this one as a multi-begger in the longer term. Sure there would be some profit takers as well as some traders jumping ship as the price is paused a bit. Some might think selling it now and picking it up at a lower price, but it is a risk if any good news coming up and they might miss the boat. Those big volume trade in the last two weeks in London should not be looking for a small profit I guess.
As long as it is not lower than 2.6 cents it is still healthy I would say, above 2.8 cents is even better. Those short term traders who bought above 3 cents might feel a bit uncomfortable for that. See how many sellers there in the next day or two? It could be a good opportunity for those underweight on this "star" to get on board while is is pausing a bit?
Give it a bit more time to breath, once it is ready, this one should fly again!
THR Price at posting:
2.8¢ Sentiment: LT Buy Disclosure: Held
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