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
$4.26 |
Change
0.010(0.24%) |
Mkt cap ! $164.0M |
Open | High | Low | Value | Volume |
$4.21 | $4.29 | $4.20 | $87.48K | 20.68K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1177 | $4.24 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$4.29 | 2127 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1177 | 4.240 |
1 | 8297 | 4.180 |
1 | 2403 | 4.160 |
1 | 125 | 4.150 |
2 | 5000 | 4.130 |
Price($) | Vol. | No. |
---|---|---|
4.290 | 2127 | 2 |
4.300 | 757 | 2 |
4.500 | 490 | 1 |
4.550 | 6271 | 1 |
4.580 | 1000 | 1 |
Last trade - 15.58pm 29/04/2024 (20 minute delay) ? |
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Last
$4.28 |
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Change
0.010 ( 0.47 %) |
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Open | High | Low | Volume | ||
$4.21 | $4.28 | $4.20 | 1743 | ||
Last updated 15.58pm 29/04/2024 ? |
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TRS (ASX) Chart |