On TD watershouse technical analysis they call today's action the completion of a bottom triangle on TDC, with a target price range (intermediate term) of 24 to 26 cents. That' great. They also comment commodity channel indes (short term bullish), Momentum, and prices crosses moving day (50 day) average. The bullish trangle does look text-book.
On RBC Direct Investing they give four bullish factors, on bearish and two indetermiate.
Anybody care to confirm this?
All together, these add up to better conditions than I've seen on these two sources of analysis in a long time. I think that they are just computer generated, and as there is such small volume they are to be taken with a grain of salt.
However, my own view is that we've had a long stetch of narrow trading range, building energy like a coiled spring. Time for a Tigger Bounce. I called the lows back in Nov. Now I am calling a Tigger bounce!
Also, we may see some kind of news release Tuesday or Thursday, as they do tend to be about two per month, and we should be due for one this week. ON what subject? I don't have any idea! But' that's my call.
SKELEG