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Tuesday, October 16, 2012

TMS - Price volatile but the trend is up

TMS has undergone a long correction period after it peaked at 0.475. Based on charts, price has found a strong support at 0.07 and should stage a rebound soon if market situation didn't turn adverse. However, it should be impossible right now for it to reach its previous peak at 0.475 but, every sen it accumulates will represent a lucrative return by percentage. Its tough resistance lies around 0.095-0.10, its 200-day MAV. This trendline has become a strong barrier since price fell from the peak. Price should be volatile but the trend is up, technically.  This is a low risk high return counter. - Smartbiz

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