TSF : Possible move to between 1.3 and 1.4 this week.
April 3, 2011 Leave a comment
TSF had a fine end to last week and looks as if it will continue on to between 1.30 and 1.40 quite soon, and maybe right away. Support is seen at Friday’s VWAP of 1.14 and again at 1.10 and 1.05, but there could be a continuation pretty much from open this week with 1.3 or even 1.40 not an unreasonable target if buy-side flows remain tong and the market maker active. It is however risky, and best avoided if you can live with more predictable stocks that return 10-15, maybe 20 on a swing trade, not in an afternoon.