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TSN has Peaked at 3.8c .., page-82

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herm

735 Posts.

09/05/16

15:32

Post #: 17714521
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Originally posted by herm ↑

Hi guys,

From a TA view ( IMO) and for what its worth it looks to me like Sp is being brought down for some accummulation, there is however no doubt that there is some Supply around, ( i cant tell if the supply is from above , old holders from years ago, or from below , profit takers from the recent lows.).

The large sells sitting at 3, 3.1, look to me like they may be trying to shakeout the weak holders, (this is speculation, but I do note they aren't bringing the offer down to where they can get hit,), by manipulating the market depth.

To be honest and of course IMO , it looks like we might be seeing a bit of a spring set up here, ( Wyckoff/VSA theories) DYOR, ie testing a previous breakout area before the next leg up after drawing out / testing the supply available.

Just some of my thoughts and not advice but a quick general TA view from Me. but certainly interesting times...with the potential to pick up some cheap shares...

GLTAH

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Last edited by herm: 09/05/16

TSN Price at posting: 2.5¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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