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


    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
GET SUPPORT arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.