TXN
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0.00% 58.0¢ texon petroleum ltd

I think we could still see lower prices yet.Shaded zone very...

  1. Hotfire
    17,783 Posts.
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    26/06/12
    17:42
    Post #: 10354765

    I think we could still see lower prices yet.

    Shaded zone very possible below that is 0.36 then 0.30

    Market capitulation will deliver low 0.30s imo.

    Oddly Money flow indicator is pointing to accummulation since April - positive divergence.

    Weekly chart below, needs to close at the week at 0.47.
    Increased volume coincided with tops. Volume then drops away.
    This will break one way or the other pretty soon.


    TXN Price at posting: 43.5¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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