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MadButcherWA
Oct 16, 2019 2:55 PM

NTM.ASX Triangle breakout Long

NT MINERALS LIMITEDASX

Description

This is a relatively simple trade. Because of the length of that triangle It would be a fairly safe trade to ride this breakout to the top of the triangle peak which will give a nice line of resistance that we can use for a target. This is a gold miner so we can follow the gold price to ensure that we dont get a fakeout and watch this thing whip back down past the break out. We have a little flag now so yo can cut down a little bit of risk and wait for the breakout above the post of the flag at 0.057 cut the risk down a bit.

I wish I had picked this up on my screener weeks ago because this is a juicy one!
Comments
XXXXGoldHunter
Yep you called this one well mate! Played out very nicely
MadButcherWA
@XXXXGoldHunter, Thanks mate. I've had a pretty good run lately.
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