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Transense Technologies Plc Extended 1p Support Zone

Most traders will be all too familiar with the concept of “catching a falling knife”, with the problem in such circumstances tending to be that having bought low  there is the dilemma of whether to add to a position – doubling up, or simply head for the exit? In the case of Transense Technologies (LON:TRT) we have a situation where the stock has been in a steep decline for much of the post November period, with only a brief flurry to the upside at the beginning of last month. TRT Transense Technical Analysis 090415 This came in the form of a bull trap through the 50 day moving average then at 2p plus. It is now down to 1.57p and is likely to be a pivotal fe

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