Australia's largest stock trading and investment forum Australia's #1 stock forum

TFC

7.42%

$1.31 tfs corporation limited

Hi Lies, Another insightful and informative post, thank you....

First 14 Last

Share
Profile

Follow
AmbiGuity

1,953 Posts.

187

21/09/16

19:34

Post #: 19325747
Share

Originally posted by Lies&damnlies ↑

Hi Yix

This stock is a shorter's cash cow.

Its easy to look at it, go to the yahoo charts and put in TFC and the 100EMA only and chose the 2y period.

What will the 100EMA tell you? There are three regular humps at 1.58, 1.55 and 1.55. in between there are two regular toughs 1.47 and 1.48. What follows see for yourself.

The first hump of EMA100 1.58 the stock reaches a BEFORE closing high of 1.85. Before the next trough of EMA100 1.47 the stock reaches a closing low of of 1.165. Difference from high to low closing prices 68.5 cents a 37% fall in price.

The Second hump of EMA100 1.55 the stock reaches a BEFORE closing high of 1.80 from a previous closing low of 1.165 that's a 54.5 % rise WOW go figure. Before EMA100 next low of 1.48 the lowest closing price was 1.275. The drop from 1.80 to 1.275 52.5c (fall of 30.2%)

That's so far a drop from 1.85 to 1.165 (37% fall) followed by a rally from 1.165 to 1.80 (54.5% rise) followed by a drop of (30.2%). Hardly ordinary trading;

Before our last the Third hump of EMA100 1.55 the stock reaches a closing high of 1.715 (It did trade over 1.80 for a short while) However

Since then the EMA100 today is 1.54 with the pre high price of 1.715 and the current price is 1.43 only represents a 16.6% fall so far.

If you want to buy in then somewhere in he 1.30S and even an outside chance at the high 1.20s
good luck folks

Expand

Hi Lies,

Another insightful and informative post, thank you. Looking at volume today and the preceding charts, I'm not sure that this dip will reach the previous lows you suggest e.g. 30% range. To my untrained eye, it appears that around the middle of September a turnaround typically occurs indicating a near-term rally? Furthermore the 2015 chart indicates the SP arrested at around the $1.40(ish) mark. That said, my untrained and often 'droopy' eye could be proven wrong with a further drop in the coming days, but Murphy's Law suggests that when I've set my heart on accumulating again in the $1.30's, it won't happen!

@alfred137
http://markets.ft.com/data/equities/tearsheet/forecasts?s=TFC:ASX

TFC Price at posting: $1.42 Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

GYG

Guzman Y Gomez shot up nearly 40% in first hour of trades. Can it last?

BRX

Belararox delineates another porphyry in Argentina at Tambo South

Your questions From the Floor: Investment experts respond...

TM1

Shares up 196% on Terra's news of major reef discovery at Dante

ASX Market Update: Shares fall flat as GYG soars on debut | 20 June, 2024