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TSXV:TNG - Post by User

Comment by SizzlinSteakson Jan 09, 2014 9:54pm
196 Views
Post# 22076586

RE:Another thought /Opinion

RE:Another thought /OpinionI would tend to agree. I think we will see further consolidation with a close at 29 or 30 cents tomorrow and a big move up on Monday. I say this based on the 50% retracement rule which almost always stands true. If we look back to Monday the SP closed at 19 (prior to the run). The big move on Tuesday took us to a high of 39 cents..... so 50% retracement from there would be 29 cents....Just my thoughts.
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