TYM : Trading at it YTD low. If 0.47 fails, target 0.43-0.44
July 27, 2011 Leave a comment
One stock not doing very well of late is TYM, under increasing pressure from a heavy OFFER, the risk is 0.47 fails and it dips aother 3 or 4 spreads down. Lower support is at an a spread either side of 0.40
If 0.47 does manage to hold and there is an aggressive buy-back that takes 051 out, then a turnaround is on the cards, with 0.54-0.55 then 0.60-0.61 as targets.