TradeWithTyler

Interesting Gold Penny Stock Potential!

AMEX:TRX   TANZANIAN GOLD CORPORATION
Hey Traders! I hope your having a wonderful weekend! I seen this stock while doing some research into gold stocks, and this is a penny stock that seems to have a ton of potential. TRX with a Shs Float of 145.02M and a Market Cap of 115.04M! Looking at the weekly chart we can see clearly the structure in its current uptrend, now for the bulls like myself, will want to set an alert at 1.20 that way we know when to get interested and watch for the re-test and momentum to return to give us that confirmation! Watch out for 0.75 level as a break below there would almost certainly destroy the current uptrend structure and would prob force bearish momentum to push us lower, but a lot of it has to also do with the current gold price. That's what I suggest you set an alert so you can check when its the right time. Hope this helped you, if it did, please be sure to LIKE & FOLLOW to show me support and to stay updated on all of my post's! Tyler Out!

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