Ann: UPDATED TRANSIT RECEIVES STATE APPROVAL FOR , page-27

re: Ann: UPDATED TRANSIT RECEIVES STATE APPRO...
LOL - 65.5c resistance, right at the bottom of channel.

Get ready for consolidation or reversal from here.

70c will be the resistance - so sit back and trade btw the ranges until the next breakout.

I don't see TRH moving in a drastic way until at least ann of drilling commencement (expect 5-10% movement) when that happen.

Over the next few days there should be more opportunity to get in at these prices btw 66c and 70c. Anything below 70c is a bargain.

That's my amateur TA. The buyers are always off screen to buy from nervous seller. Happened so many times with large or small caps.

The ann has spooked seller who did not understand the resources. As noted by an informed poster today, there is actually more potash with Bed 13 included, as it is a weighted average the grade was lower and due to DOW lower overnight this has caused some panic seller. Can't blame them given the stock has dropped over 20% for the past few days.

cheers