ya, TESSA... this is the reason I bought TAS:), fundamental is good.... but if what excelyou said is true... the sudden rollercoastered is caused by that... then this counter will have impact....
tmr down -24% 1.10 & if 1.10 support is broken then next is 1.04 -38% the most it can down.. so m opening my eyes wide to keep track on this downward price.. good buy..
u didnt read my post this afternoon??? Oredi issued warning when it slided from 1.26 to 1.23.. i sold at 1.24..
I hope price goes in accordance with my analysis. Price inevitably drop & by how much, the most could b 1.04 when 1.10 is broken. If i dont make mistake, currently it is in Wave4 & there is final upleg to go. When wil the Wave5 start? what i can do is to monitor its price movement everyday.
I will re-enter at good price to ride the final wave to 1.57.
Dont cry babe, fa strong n u r safe. For time being keep in yr drawer first. Once i spot the bullish formation, i ll b first guy to inform u, alright my dear!
TAS share price has been on the uptrend for few days n yesterday managed to reached high of 1.26 but couldnt sustained its bullish momentum n sliding down to closed @1.15.
I think that it is a normal process after being exhausted n is now undergoing healthy correction, investors shld take this opportunity to consider to buy on weakness @1.09 support level as the Co's fundamental is fully intact with potential growth prospects in the O&G industry. Good luck & hv a rewarding day.
As it is approaching its final upleg within the 3rd major,buying on rallies might be high risk for contra player.There isnt much room on the upside abv 1.26.Below 1.04,support is at 0.96.1.10 shud act as a minor support now,n it happens to be one of the retracement targets.After going thru the past few days short term chart,the final upside objective cud be 1.38 instead of 1.43-1.46.
Trustme932, as anticipated price dropped to 1.12-1.10 but i didnt have the guts to catch the falling knife. 1.10 is the -24% which is the same retracement level in Wave2. Price may consolidate around this range 1.10-1.19 which i view is the good sign to reserve power to head North. So now i m glad to note pole has been formed & yesterday closed with long upper & lower tail indicates indecisive between buyers & sellers so days later, we hope it can form pennant/flags..
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
traderman
7,854 posts
Posted by traderman > 2013-10-28 16:29 | Report Abuse
today is T4 for last week 1st day break out on tuesday