TMB : Possible rebound to 2.34 on Thursday

Given TMB manages to hold above 2.24 – which is both today’s low and its 100 day SMA, the stock will have a reasonable chance of rebounding to the 2.44-2.48 range.  There is further support at 220, 2.14 and strongly at 2.10, but sell-side flows have not been fierce today, so a bounce 2.32-2.34 could be seen tomorrow.

 

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