TTA : In the news, but what about the charts?
June 11, 2011 Leave a comment
TTA is a fine example of a fallen star, and it does not take a genius to work out that something must be wrong with it if a battle for control of the helm takes place as the media have written about quite a lot lately. We view all the noise as positive for the stock, and even with a simple comparison to PSL, it is clear this company needs change if it is to do better for shareholders.
We think it’s worth a punt this week if it comes off to 17.50 or a tad lower. Even if it finds support from 17.50 to nearer 18, it may still be worth a look for a rebound trade, with 20 or so an initial target we see on the charts.