CoryMitchell-CMT

Metalla Royalty (MTA.V) Forming Rounded Bottom, Possible Setup

Long
TSXV:MTA   METALLA ROYALTY & STREAMING LTD
Metalla Royalty, trading on the Venture exchange, has started to form a rounded bottom continuation pattern. This could set up a trading opportunity if the price pulls back, consolidates, and then breaks out of the consolidation higher (at least this is how I like trade the pattern).

I have put estimated trade levels, providing for a roughly 3:1 reward:risk.
At this point, it is a hypothetical trade. No positions taken yet. Trades levels will vary based on how far the price pulls back, and how large the consolidation is (if one develops). The prior consolidation has been highlighted with a pink box.

Cory Mitchell, CMT
Stock and forex trading insights at tradethatswing.com/
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