TTW : If it takes out 6.05-6.10 should advance to 6.50 or so.
July 27, 2011 1 Comment
TTW broke up a tad Wednesday (27th) but has quite a strong barrier at 6 to 6.10. A test is likely, but a break here will need a 15 share day, not 5m or less.
First support is 5.80, but given a conducive market a move to 6.50 looks possible, and will be confirmed on the break at 6.10 if flows are strong in the 13-15m range on the day, with half going through at this resistance.