TYR 0.56% 89.5¢ tyro payments limited

Regarding TYR I have added further thoughts. Into the close we...

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    Hi Juma, I got an update below on the charts hope it helps! frown.png
    Regarding TYR I have added further thoughts.
    Into the close we saw what's known as a Shooting Star candle straight into the resistance trendline, closing below yesterdays fantastic yet LONG trap candle.

    Then what about todays candle? Is it a short trap? All I know is that IF this cannot convincingly HOLD the $1.29 - $1.30, I fear of a Gap Fill down towards $1.17's therefore upon the breach of support I would need to CUT LONG & HIT BIDS instead

    I don't want to change Sentiment into a SELL just yet based on that candle today, but if $1.29 fails, then my trade will need to exercise risk management immediately! redface.png

    Sentiment is on HOLD.

    https://hotcopper.com.au/data/attachments/5588/5588933-45063d0284cbbe22a2d7310d95a95a11.jpg
 
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