What Will TON Hit Come - Monday ?, page-6

In a wild,offbeat way a Breakout of 43 resistance Could be seen as entering Blue Sky.

Now Blue Sky usually means going into All Time High Territory and obviously 43 is not
technically that price. 91 cents is but by observation/ looking at the Chart one can see

Trading last year in the 43+ zone was fast and furious. Particularly notice the Long day Candles covering
in a day quite a Trading Range Percent. The greens above 60 were the Glencore Rumour on SYR.
There was Never any rumour of TON and Glencore but still it 'affected' TON even more percent wise than it did even SYR.
Anyhow the Break above 60 was 'artifical' and the Volumes show that a lot of 'retail' first time Buyers got really 'caught'. The subsequent falling knife to the 40's and then 30's also was a Shock and then the JORC 'fiasco' and the rapid drop to 15 Really got the Average buyer from June 2014
Caught in a Trap with Suspicious Minds

The 2Billion over 20Years recent news caught a new crop too.

TON going over 40 is dangerous buying territory. Profitable Short Term Trading Absolutely 40+ but First Time Buying? well best keep you're wits about you.

Also marked by the White Line is the one year mark for April 27 2014. Pre this were the 5/10 cent placements and the under 10 cent accumulations from May 2012.
Point being that there were a number of Substantial Holders who were not CGT discount One Year back in June 2014 but are NOW. From these Holders will come Supply. I'm talking say the Top 100 Holders not just the 20's.

Added to this is the Existing past and recent buyers over 40 to provide Supply into any price HIT by TON on Monday particularly I suggest over say 60 cents.
Excess Supply over Buying 'pressure' is called Resistance  and although one can't chart some lines of price levels over 43 with any theory confidence, these Factors of Who and SELL Volume gives some 'indication'.

Now of course it also very much depends on the Unknown What the News IS. Will it bring Solid Buying Pressure, Solid Buying Must Have at ANY Price and HOLD them
not pip them over a dozen times in a day
In fact News that 'relieves' the 'stale hands' to NOT sell. Makes the 1 year CGT ers to Hold and not Free Carry. Dissipates some of the Sell Pressure at the same time as increasing Buy Pressure .

But that's a dream Market Dynamic hey?
That at the same time Buy Buy BUY hits the market that sell, sell, sell turns to Hold, Hold, Hold especially amongst the market's Spiv End of Brokers, Sophistos and Martis'

Want a Solid Green Candle from say open 45 to 60 cents but will probably get a Gap Open at 60 even +  instead.

good luck.  be canny buying, happy holding

same as it ever was, into the blue again- talking heads.