Update from 10th Nov post #276
A month ago TWR was threatening a break out...........but ...... a day after I wrote up that chart it turned to custard...it respected the down trendline + MA200 at $1.55 - 1.57 area ,,, sell signals appeared and the price went back down briefly to retest and respect its 135 support...now TWR seems to be going back up again..................overall result a 135 - 155 trading range formation has developed.
With some interest being focused on insurance companies regarding the extra monies from increased premiums but no unusual movements in the shareprice......a deeper analysis sees the OBV and other accumulation/distrubution TA indicators sensing a slow accumulation however not great enough to effect an increase in share price...This small divergence activity is enough for me to stick TWR on my watchlist...However TWR seems very prone to Global market shifts atm ,,, the bad night on Wall St has dropped the price to $1.41 down 2 today as I write.
Notice that there is another factor coming into play.... the down trendline is entering the trading range area, this may or may not exert some sort of downward pressure on the price ....it is very possible though that the price could break the down trendline but stay within its trading range (status quo).
The Bollinger bands squeezed last friday with a minimal or no trend change which is a bit unusual...maybe too early to tell yet.
http://i458.photobucket.com/albums/q...WR07122011.png