TSE 5.50% $1.06 transfield services limited

As someof us concluded on " Why is TSE geting hammered ", TSE is...

  1. 1,752 Posts.
    As someof us concluded on " Why is TSE geting hammered ", TSE is in medium term uptrend, another interesting question arises.

    Will the $2.75 SP be a new resistance?

    Since $2.75 is around double of the TSE recent low at 5th March, it could become resistance, as investors who doubled their money unload the stock.

    There is something emotionaly satisfying by saying " Doubled my money ".

    100% profit sounds pretty good to.

    TSE touched $2.75 today again but pulled bask and finished the day at$2.73

    My feeling that to get beyond $2.75 may prove to be dificult.
    But if we break through we should be on our way to 3 bucks and hopefully beyond.

    At the risk of being called a ramper : Why would you sell a stock that is going up?

    Fingers crossed tomorrow.

    Brian.
 
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