TSF : Support at 0.92, resistance at 0.95 then 1.01
March 1, 2011 Leave a comment
Not a stock we have ever looked at before a reader asked re TSF’s near term prospects.
We view 0.92 as key support, and 0.95 as the resistance that needs to be broken of the stock is to see a quick ramp. Volume has picked up, so entry at 0.92 for 3 spreads might tempt some, albeit not worth the risk in our view. As such a tight 2-3 or 4 spread stop is a must.
If it breaks above 0.94-0.95, then a move to 1.01 will be the expectation.