TRUE : The chart is nearly as complicated as their billing system
May 1, 2011 Leave a comment
We have long felt True’s billing system must have been built by a very frustrated and evil little man who likes tons of paperwork and making simple things overly complicated. Unified billing….hmmm….. if only.
The stock’s chart is a tad complicated as well, and from what we can see there is some chance it will test or indeed go a tad below 5.
However, given the market should rebound nicely this week, TRUE may well find support at 5 or so, rebound to 5.30, and if there is a big rush of volume then a bounce to 5.45-5.50 looks possible. It’s next target would be 5.70-5.75, but at this stage a move to 6 or so is hard to see over the next week or two.