TRS has been in a long-term downtrend for more than 10 years during which it has seen 3 (4 if you count the recent spring up) tradeable sustained spikes which appear to be complete price cycles – although it is usual for price to increase from cycle to cycle, whereas TRS has fallen. Was March a bottom? With the stock having lost an eyewatering 90% since its all time high in 2009, you would have to hope so but couldn’t be sure. Since July price has been building a pennant pattern, a continuation pattern that suggests price could go to $12 if/when it breaks up out of the pattern. Two different approaches give the same target for TRS, making it a very attractive opportunity. $12 would be just above the shaded long-term channel so there is a chance it could fall a tad short (probably $11.50) but it is still a potential price rise of more than 60%.
I've listed a couple of other likely upcoming trades on my web site for anyone who wants to check out my Blog this week.
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TRS has been in a long-term downtrend for more than 10 years...
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Last
$3.25 |
Change
0.120(3.83%) |
Mkt cap ! $121.1M |
Open | High | Low | Value | Volume |
$3.13 | $3.25 | $3.13 | $76.43K | 23.93K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 931 | $3.21 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$3.25 | 1145 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 931 | 3.210 |
1 | 701 | 3.200 |
2 | 1267 | 3.130 |
4 | 8421 | 3.120 |
1 | 5000 | 3.110 |
Price($) | Vol. | No. |
---|---|---|
3.250 | 1145 | 2 |
3.290 | 421 | 1 |
3.300 | 3062 | 3 |
3.400 | 3500 | 2 |
3.490 | 2800 | 1 |
Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
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TRS (ASX) Chart |