TMB : The longer it trades below 2.10 the greater the chance of a dip to 1.90-1.92
July 21, 2011 Leave a comment
TMB is struggling again, and could easily go a tad below 2 in the very near term. The recent low was 1.97, but a dip to 1.9 or so looks possible, and if it posts a close below here there is little support until 1.76–1.80
Needs a huge volume surge and daily close or two above 2.10 to change it’s near term bearish outlook, which would place 2.22-2.24 as the immediate target.