In my last nights post I included my insane one day trading prediction about today 5th Sept big shorting day.
I think after last Friday's success that the shorting sods probably can't resist trying again. Especially with all the international players out of the market - EXCEPT FOR THEIR LOSS STOPS.
The purpose of this post is to direct you to individual days trading in TFC historical charts that I think today's action could look like. I urge you to take a look.
The days are
25 May 2014 , 21c swing on the day from high to low point, closed 5c up from low. Next days close was 12c up from the low.
18 Sep 2014 , 26c swing on the day from high to low point, closed 17c up from low. Next days close was 26c up from the low.
25 Nov 2015 , 23c swing on the day from high to low point, closed 3c up from low. Next days close was 10c up from the low.
4 Jun 2015 , 15 c swing on the day from high to low point, closed at low. Next days close was 9c up from the low.
Have a look at my previous post about how to trade . Market is about to open.
Sure the shorter may only have a slight dabble today with the view to continue over several days. But ten again they might decide to do the most damage in one day. Should get an idea of whats going on by mid morning.
TFC Price at posting:
$1.52 Sentiment: Buy Disclosure: Held
