Tuesday, April 14, 2009


TM Monthly Chart

We can see that TM has been moving within a well defined channel. It is about 15 cents to the top of the boundary (about 3.80). The bottom boundary is about 2.80. Volume has been decreasing in the past few months. If it can break to the upside, then it will revisit the previous high around 4.30 to 4.70. 

Disclosure: I'm long on TM-CI

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