TNT is playing out quite nicely if you follow Fibs. After a fantastic run up, topping out at 44c, has retraced right back to the 61.8 beautifully.
Unfortunately i missed the opportunity to pick them up at 21.5c, however, after a bounce off the 61.8 and rejection off the 38.2 fibs level from the run up, is now re-approaching the 61.8 level again, potentially creating a double bottom to reverse off.
I personally am looking to load up at 21.5c if this level can hold and form a good Support level here.
I will watch to see what happens as it approaches this level, as a breakdown from this key level could fall considerably more.
Thoughts and discussion always welcome.