TMB : Watch trend resistance at 2.34

The chart below shows TMB needs a close not far above today’s high at 2.32 to break out of the corrective trend which started last August. Big news indeed if it closed above 2.46 in the near term, but even a strong finish today at 2.34 or better could see a spike to 2.40-2.46 during the course of the week.

If however if it closes below the trend resistance line, then 2.25 or so then 2.20 are but  few sell orders away.

 

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