Are any of you guys technical analysts?
posted on
Feb 19, 2010 02:06PM
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I've been taking a gander at the 2 year price chart of Tyhee (e.g., http://finance.yahoo.com/echarts?s=TYHJF.PK#chart6:symbol=tyhjf.pk;range=2y;indicator=split+bollinger+sma+volume+macd;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined) and would like a reality check.
I'm wondering whether any of you guys see a cup and handle formation between 23 September 2008 and the present. The left hand cup tip would be on 23 September 2008. The right hand cup tip would be on 1 December 2009. The handle would be between 1 December 2009 and the present.
Usually a handle is a good thing because it permits consolidation before a price breakout. But, given what we know about the Developer's Assessment Report, expected in the second quarter of this year, do you think it reasonable to expect a handle a five or six month handle? Seems like a long time.
Alternatively, do you think good drilling results before the DAR will give the stock price a pop above the current handle?
With best regards.