TMT is a stock I've been watching for some time as it has been building a classic text book pennant pattern. These patterns are usually very reliable to trade once price moves above the upper pattern boundary - ideally with some volume. Were this to occur with TMT, theory predicts a target of about $0.70 ('about' because the target calculation depends on where price breakso out, and it hasn't done that yet). With a potential breakout around $0.40 that would be a very good outcome.

TMT 14 May21

Contact

Robert Norman

Phone: 0428 346 951
Email: robert@sharecharting.com.au

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