Timmins & Beardmore - Northern Ontario

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Message: trading action

trading action

posted on Jan 13, 2009 06:44AM

Strong support at $.07 has been successfully tested 6 times since beginning of year.

oscilators turning up again on today's action which is positive but still need more volume

upper bollinger band now above .095 and resitance on 9 month down trend now in the .085 to .09 range.... so we may see a test of resistance coming soon ... We will need significant volume (>3MM IMO) to break through though .... something that positive news might bring.

on the flip side ... in the absence of news it will be difficult to break the 9 month downtrend which continues to drift lower. If there's a break below .07 SP will likely go lower

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