TPOLY : Still consolidating, needs a big surge in vols to pass 2.14-2.16 resistance
July 27, 2011 Leave a comment
Rather quiet of late, TPOLY needs a huge surge in volume to pass the 2.14-2.16 band of resistance, and if low flows persist we would prefer to wait and see.
If it can close above 2.16 shortly it would open a range to nearer 2.28, but as always, no volume, no fun. Entry at 2.04 or slightly higher can be considered, but it could hold like this for a while longer, with our call being to trade it ONLY when flows return.