TRH 0.00% 83.0¢ transit holdings limited

Hi EBL,I agree that a breakout would push through more volume....

  1. 3,124 Posts.
    lightbulb Created with Sketch. 76
    Hi EBL,

    I agree that a breakout would push through more volume. Most of the trades today were buyers and any more volume (without Day Traders involvement) would have moved the price a lot higher.

    Although TRH often follows RAD, if you look at the charts you'll see that this did not happen today.

    RAD opened at 39.5c, was still at that price at mid-day. It was only in the last 40 minutes of trade that it went from 40c to 43.5c.

    TRH opened at 39.5c, by mid-day 40.5c and by 2.30 p.m. was 42c.

    Because TRH holds RAD I would expect TRH to follow RAD and not the other way around, as happened today.
 
watchlist Created with Sketch. Add TRH (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.