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27/05/09
17:49
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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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