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
$3.28 |
Change
-0.040(1.20%) |
Mkt cap ! $123.5M |
Open | High | Low | Value | Volume |
$3.32 | $3.35 | $3.18 | $352.2K | 108.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 3110 | $3.21 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$3.33 | 990 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 3110 | 3.210 |
1 | 676 | 3.200 |
1 | 1600 | 3.190 |
2 | 3298 | 3.180 |
1 | 3150 | 3.170 |
Price($) | Vol. | No. |
---|---|---|
3.330 | 990 | 1 |
3.420 | 500 | 1 |
3.470 | 787 | 1 |
3.480 | 8000 | 1 |
3.490 | 12062 | 2 |
Last trade - 15.59pm 04/06/2024 (20 minute delay) ? |
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Last
$3.23 |
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Change
-0.040 ( 3.62 %) |
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Open | High | Low | Volume | ||
$3.31 | $3.32 | $3.20 | 6176 | ||
Last updated 15.59pm 04/06/2024 ? |
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TRS (ASX) Chart |