THCOM : Solid support from 6.1 to 6.4
April 9, 2011 Leave a comment
THCOM had a good run last year, but for the near term needs both a big increase in volume and a weekly close at 7.35 or better for it to turn bullish.
However, with support from 6.5 all the way down t0 6.10, if it can find a base quickly, and there is a clear increase in flows – to nearer 100m shares going through, even for a day, then it will likely start to be of more interest.
As of now it is buy on slight weakness candidate, or a wait (for vols) and see punt.