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TBS in freefall

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DavidG
Contributor
If I read the chart correctly, TBS broke through a support level on 12 Dec and another on 4 Jan. Any idea where the next support level is? Would it be at 15300, around where it is currently sitting? I like the company and am thinking of buying some, but cannot quite understand the pessimism.
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5 REPLIES 5
prof
Regular Contributor
not hard to understand.they controlled the bread price and not long after being cought out the director goes into retirement and not long after that they increase the bread price by 40 cents
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asylum
Super Contributor
Well dont be suprised if the bread price continues to go up as wheat prices are on the up and up.
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prof
Regular Contributor
we know that but the 40 million out there dont .they think they are just recovering the 100 mill
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sk_1
Super Contributor
Twas tipped by Nic Best to go to 18500 short term
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jamoo
Frequent Contributor
next support is at 14214, it will probably bounce before it gets there. RSI is megasold, buyers will start coming in. hold on.
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