TTT chart thread, page-1007

Haven't touched TTT since my exit in 2.70's, but I'm going to keep a closer eye now it's back to just above levels I was happy to buy last time and I like the potentIal. Trend however is still down without reversal confirmation and now any low will be a lower low than the one on 16 July and then 21 Aug before both saw retracement of 40-60cents. One reason that I'm more nervous to invest this time than last is that there will be a lot of possIble overhang to clear on the way up from trapped buyers before any potentIal new high is reached compared to last time - what do others thInk of that factor? Those who bought In the 2.20-2.50 range, where It sat for a while, and didnt exercise stop loss now need close to a 50% increase in share price to break even, let alone male a return. I can see quite a bit of resistance If it finds some of those levels and so new news flow and catalysts I think are critical and I feel they need to be of a more tangible nature this time round. I like the story and think they have a very good chance of getting there, but I won't buy until I see reversal and probably not till it's cleared $1.66 (if support is found soon), unless I like the news flow or volume with positive price action. Given volatility I suspect I would scale into a position and use a trailing stop loss (probably ATR based) if I do see a setup and enter - feels like it needs tight money management and careful position sizing this one.