Keep a close eye on this one today. Takeover speculation is rife with Murdoch's fox media looking like a potential bidder. Huge volume spike and jump in price but there is a very well respected resistance level around $4.70. Alert set for break of this level or potential fall back into range as the day unfolds.
For educational purposes only
Do you own research
Tabcorp has just come off a 5 wave bull run. I like the wave symmetry behind this stock and predicting the start of a 5 wave down. Stochastics have just crossed. If the 1 bar trailing tomorrow is covering bearish, I'm going SHORT for sure.
I've placed the first target where fib levels and Schiff pitchfork cross.
