There is a nice chart pennant forming, which as long as it doesn't fall below around 70-2 could see it shoot up to the next level of around $1.20-30. Ordinarily I would hold for that, but most of these stocks that have had a good rise will see a cap raising taking place. The directors can't help themselves especially if they have been waiting as long as they have in this case. Some broker will see the potential for the next move and be throwing cash at them to get the free ride. Also this market is a worry. The AUD is wreaking havoc!
TRH Price at posting:
76.0¢ Sentiment: Hold Disclosure: Held
