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CoryMitchell-CMT
Aug 9, 2019 4:37 PM

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

METALLA ROYALTY & STREAMING LTDTSXV

Description

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.
Comments
CoryMitchell-CMT
Still waiting on this one to setup. It still has potential. No trade yet, though.
CoryMitchell-CMT
Still waiting to see if this sets up.
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