TIS 0.00% 0.0¢ tissue therapies limited

TIS Chart

  1. 14,059 Posts.
    Weekly: Strong technical support at these levels going back to 2013 - further evidence by the buying and pitchfork support. A low risk entry zone IMO.

    TIS WEEKLY 13 FEB 2015.png

    Daily:

    It never ceased to amaze me that when we see massive volume days on falling prices, the chatter is always focused on who is selling. Well I'm afraid - that is serious buying volume. Who was it that opened up the bag to collect all of this unwanted stock from retail investors? And then the volume comparatively disappears.

    I see that the frenzy reached a crescendo in the few days around the record date for a SPP. Clearly retailers were banking cash for their entitlements at 21c. So this is why yesterday's drop off in volume is key from a low risk entry point of view.

    The question remains - who was buying all of that stock post record date?

    The volume will be interesting over the coming days. Yes this is underwritten, but I can bet you that the underwriter will want to underwrite as little stock as possible.
    TIS DAILY 13FEB2015.png
 
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TIS (ASX) Chart
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