$TRON 299M float. No R/S or dilution. $87M healthcare acquisition set to close. Financing already secured. Management of healthcare company(consisting of three hospitals) is working diligently and cooperatively with TRON management.
This is a great play, both for traders and investors. You may get lucky this week and see a shaking of the price on a bear raid(*cheap shares!) before the acquisition announcement. Announcement is looking like days to weeks away, not months. Rumor(not confirmed, and not a personal first hand source of my own) stated that property was getting signed over and transferred last week. I can't validate that, but I would watch for updates rather quickly should that be true.
PS Last sideways channel on the 1yr daily candlestick chart was roughly between .007-.009. Bears need to sell above that to profit. .009 and upward to .0111 area could be good strategy for staggered entries.
RSI(14)(1yr;daily) trends as oversold, per drawing of a trend line, at 41, serving as regular historical support, only being breached on rare occasion. RSI currently at 53. Not much to go from here to oversold and supported.
This is a great play, both for traders and investors. You may get lucky this week and see a shaking of the price on a bear raid(*cheap shares!) before the acquisition announcement. Announcement is looking like days to weeks away, not months. Rumor(not confirmed, and not a personal first hand source of my own) stated that property was getting signed over and transferred last week. I can't validate that, but I would watch for updates rather quickly should that be true.
PS Last sideways channel on the 1yr daily candlestick chart was roughly between .007-.009. Bears need to sell above that to profit. .009 and upward to .0111 area could be good strategy for staggered entries.
RSI(14)(1yr;daily) trends as oversold, per drawing of a trend line, at 41, serving as regular historical support, only being breached on rare occasion. RSI currently at 53. Not much to go from here to oversold and supported.
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