TBP broke the 0.31 cad resistance with no apparent reason, maybe someone knows something that others don't because volume is 5 times what it normally is, daily MACD is turning bullish. First target is 0.39 cad (yellow line on my chart), second target is 0.43 cad (red line on my chart). Put protective stop at 0.30 cad. Due your due diligence before taking a trade.
Disclaimer: I'm not a financial advisor, this is not a recommendation to buy or sell TBP, this is for educational purpose only.
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Maybe this increased volume and activity on TBP is caused by the recently announced financing that should close next week, then the price could stabilize at around 0.35 cad. Let's see what happen next week.
DID hit your targets after a while. I got in after that dip below .30 and made a nice 30% profit.
MrLotus
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@Barkworth, Glad you had a good trade on this despite the fact I was off by one month! I totally missed that early call, it ended up being a false breakout at that moment in July. You've been patient enough and it finally paid off for you, congrats!
Barkworth
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@MrLotus, It was a weird trade. There was even a press release by Tetra, explaining that they had no idea what was driving their stock price.