I believe I have idetified a buy opportunity in TenX , this would be a short term (a few days tops). As we can se in the graph TenX has followed the "tunnel"-pattern the last few days. And what we can see is that it bounces on and against the bottom / the floor. With exception on the 20th september. There are some similarities between the 20th and now. Both have broken the lower tunnel support and have also gone down to <30 . In both these cases the price has jumped up again.
There are 3 scenarios according to me.
A, it breaches the floor of the tunnel supportline and from then continues on its path.
B, The price reaches a point somewhere near the supportline (the red one), but not breaking it, and from there on continues its path.
C, A significant increase in price will take place, potentially breaking the (unlikely imo). My guess in this scenario is that it will bounce on and off the red supportline.
TL:DR, a short term position with small gains. It can play out 3 ways.
Note: I am a beginner, I am here to learn. If you have any thing to share to support or oppose my prediction, feel free to share it!