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TOE is running hard this arvo - currently up over 20% an very high volume.
I'm assuming it has got to do with the "Greg Hall presentation to World Nuclear Fuel Cycle 2009" but as I haven't had a look I'm not sure. Probably wouldn't mean anything to me anyway as I trade off TA.
After recommending TOE in late March, the share price rallied aggressively from 12.5c to 23c high, locking in strong returns for investors in the 19c/21c region. The share price has recently retraced and consolidated in the 15.5c/17.5c range and may be ready for another leg higher, with a target back up to the mid to low 30c region and a stop @ 14.5c.In addition, the uranium sector is coming back into focus thanks to China’s lack of resources to cover its aggressive nuclear plans. See article below from yesterday’s SMH.
Hi folks,
TOE ..... is another one, that is likely to get a boost from a significant
and positive time cycle, this week ...
Updated TOE chart, shows a 50% retracement of the previous downleg
projected forward, in terms of BOTH, time and price to give us a price
target at .475, around 20112009 ..... and a strong positive time cycle
(black dotted vertical line) around 03122009.
That 03122009 cycle should bring some positive news, ahead of 4 other
strong and positive time cycles, in December 2009 ... TOE should finish
the year, strongly ..... and so far, TOE is tracking along nicely, using
that projected trendline, as support ..... !~!
have a great weekend
paul
=====
Been a slow month for TOE, but up yesterday on volume spike of 6m shares - looks like it's pushing above the 15c resistance, as well as broken the declining trend for the last quarter, so hoping to see some upwards movement.
I'm holding at an average of 14.8c, but I'm a newb, not a financial advisor so do your own research.
Look at the market depth you can see a bunch of 35833 shares for sale.
These were from those who took up their $5K SPP at 15c selling out. Once that cleared may be the stock can gain some traction.
A big jump this week of 42% but then it's share price is less than 10c.
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