(Total Views: 1137)
Posted On: 05/14/2017 10:28:26 AM
Post# of 2561
TMXN ~ Gradually Moving to New Highs Since We Entered
Since entering TMXN on May 8 at levels from as low as .006s to .008s that day, the stock has slowly appreciated to Friday's close of .0184. I shared two releases since we entered. This one is beginning to shape up both fundamentally and technically with a good looking chart (see below). As one can see, the stock hardly traded during the prior 9 months. The stock trades thinly and accumulation is underway as it stair-steps its way to higher daily lows and new highs.
There does appear to be a seller around as witnessed with the after hour backprints. How many shares that seller might have to sell is unknown, but those shares are being sold gradually and without hurting the stock. And yes, rumors of a potential move to .20-.40s into July persist. Obviously, something is underway here with the Saavy Naturals acquisition (link below).
https://investorshangout.com/post/view?id=4530630
Since entering TMXN on May 8 at levels from as low as .006s to .008s that day, the stock has slowly appreciated to Friday's close of .0184. I shared two releases since we entered. This one is beginning to shape up both fundamentally and technically with a good looking chart (see below). As one can see, the stock hardly traded during the prior 9 months. The stock trades thinly and accumulation is underway as it stair-steps its way to higher daily lows and new highs.
There does appear to be a seller around as witnessed with the after hour backprints. How many shares that seller might have to sell is unknown, but those shares are being sold gradually and without hurting the stock. And yes, rumors of a potential move to .20-.40s into July persist. Obviously, something is underway here with the Saavy Naturals acquisition (link below).
https://investorshangout.com/post/view?id=4530630
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