TMB : Watch trend resistance at 2.34
February 28, 2011 Leave a comment
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.