Well technically TVN looks to be about to run much higher classic bull flag then a break above prev resistance ...buyers substantially outnumber sellers onscreen and slowly building.
Also on the break above 3.8c this morning it touched 4c but has now retraced to, and is holding, in the 3.7-3.8c region as you would expect... A-typical behavior ... Notice a few off screen buyers have been hovering also. Suspect the bulls are catching their breath before making another attempt on 4c...here
Fundamentally the story looks strong also and in a sector that is red hot ie Jnr Coal/Mongolia
Time will tell... All IMHO DYOR
TVN Price at posting:
3.8¢ Sentiment: Hold Disclosure: Held
