Looking like a healthy break for TRH after it hit want seems to be now a 48 cent resistance level. The 100% fib extension from the low 18c, high 39c and high low of 27c landed smack on 48c. Since then the bulls have tried on four occasions to push through that level but the bears are just not convinced and sell it down in arvo trade.
Seems we have to respect that 48 cent level and i bought a small parcel 1 tick above that but we might be now seeing that 39 cent level in absence of ST news. I think the ST buyers will be eyeing 39c and we might get a serious move through 48c after that.
I like the story and hope we see some good news coming into april.
gl all meanie
TRH Price at posting:
44.0¢ Sentiment: Buy Disclosure: Held