First of all,
i need to say i am not holding share in this company at this moment and looking for a possible entry again,
Looking at purely chart,
1. Seem like it continue to have a chart lower LOW since the merger news
2. There are plenty of support around the $3.90 to $4.00 region
3. It has broke and maintain below the downtrend line(top red) which started from the begining of this year.
4. I will be wary if it continue to drift downward and broke the $3.85(low of the yellow zone). Hope it stay and that may create a re-entry point for me.
5. If it broke the $3.85, then the next support will be back to $3.75 area.
6. If the merger deal is off, we can only hope for the $3.55 Key support then.
7. I will take into consideration of volume for my re-entry as well.
8. Most importantly, i am NOT an expert in charting. Comments and further analysis are welcome.
Cheers
TTS Price at posting:
$3.91 Sentiment: None Disclosure: Not Held
