TTS 0.00% $4.45 tatts group limited

someone with more charting experience than me

  1. 1,388 Posts.
    Hi I have been looking at the charts and the following appear to me.

    It has broken through the 20/40/60 dma;
    Its just dropped through the bottom of the bollinger bands;
    MACD D has just come down through the divergence line;
    fast and slow stoch are still negative.

    My guess in looking at the chart is that it may get back to the 2.33 support it found a couple of months back.
    Can someone please give me a hand.

    Fundamentally I like the company, sector has a fairly high entry barrier and they have a fairly captive market in allot of respects. The VIC poker machine license in 2012 will hurt however they may reap some sort of windfall (not sure what the % chance is) from the agreement re $600m compensation that I saw someone talking about here. Does any one have a link to the agreement?

    All in all I think they are a good boring play at the moment and am deciding whether I should pull the trigger now or wait for further softness.

    Thanks

 
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