TRH 0.00% 83.0¢ transit holdings limited

target upgrade, page-30

  1. 1,517 Posts.
    lightbulb Created with Sketch. 4
    Wang good call. However, not perhaps wrong this time. I sold out a while back and chart this closely still, it's a good story. Manipulation usually happens when institutions/large holders are accumulating. When this happens we generally see patterns appear in charts. I think this is why on the weekly chart we are seeing a pennant/flat bottomed triangle appear. If this is correct we should be anticipating a price move of well over the $1.00 mark. I will be buying back in very soon.
    This started on the 22/04/2011, the 7th bars open and close remains in the formation,important, and continues to tighten in price using the 55 cent support line well. This is why I believe a buy on Monday at 60 cents or lower is of great value. I think that this pattern will break over the next 3-4 weeks, will post more soon.
    Thanks all and Happy Trading
 
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