Forum Archive Index - February 2002
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[sharechat] TRH
Activity in TRH last few weeks has been interesting.
I agree with Phaedrus that it is not always the best time to buy when still
in a downtrend.
TRH does however show strongly defined support/resistance at 360, 400 and
450. Interesting series of numbers but I don't think they are technically
significant - except as support/resistance levels for this particular stock.
Another strategy could be waiting for a close above 400. At this point the
downtrend would have been broken and there is a strong probability of the
price going to at least 450.
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