TVL limited

TVL Travel .com, page-3

  1. 1,419 Posts.
    lightbulb Created with Sketch. 1
    for jimjj re: TVL Travel .com Have no idea but have a view ...
    IMHO this stock has been accumulated for some time.
    During the past month, buyers would come in and take large chunks of stock for 1 or 3 days, but then completely disappear for the next 3 to 5 days.
    If you look at the daily chart for the past few weeks you can see this saw-tooth type price and volume action (weekly chart shows this better).

    I believe what we are seeing this week is one of two things.
    1) The price has run ahead too far and the breakout has just run out of steam, or
    2) Buyers are pulling back to induce more sellers to come down lower before snapping them up.

    Given that it got pretty low earlier today (33 cents) and good size buy orders have since come in above that level, I'm hoping for option 2 - that is, accumulation is still occurring. The size of the buy orders also seem larger than the size of the sell parcels which provides some support for this view.

    But don't listen to me, listen to the market - the market is never wrong …

    More importantly, What did the taxi driver have to say about it?
watchlist Created with Sketch. Add TVL (ASX) to my watchlist

Currently unlisted public company.

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