TPOLY : If 2.30 fails to hold, a dip to 2.00 can be expected
May 22, 2011 Leave a comment
TPOLY is at its 61.80 Fibo level, below which there is nothing much to stem the fall until 2.
A failure to offer even a small rebound Monday will not be good news at all, so look for some buying at 224-2.26 as a sign there may be a bounce of the dead cat variety to 2.36-2.38 or so.
For now the chart looks as if it will go lower, with the very early part of the week likely to be a make or break time for this stock’s VST fortunes.