WallStScalper
Short

SHS (SOS) on TRX heading for 2.00

AMEX:TRX   TANZANIAN ROYALTY EXPL CORP
383 28 2
Will be a nice buy around 2.00 SHS             target zone
Im thinking 2.40-2.50
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LOD was $2.60, getting closer.
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WallStScalper PRO blackalphamale
I was just at the same page ...looking for the reason why the heavy volume came in here at the 2.61 level. Looking back there is a support zone here... The purple circle
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WallStScalper PRO WallStScalper
Looking with EW eyes. It's almost impossible to count any waves from the recent top. A bounce here at 2.60 could be setting up an a-b-c- Elliott wave. The b-wave would then create a bear flag before the c wave heading lower. This lower low would then be under the shs target zone at the 1.70 area ( within harmonic pattern terminology it would be a A-B-C-D). Here a capitulation could end and we could see a quick intraday snap back to the 2.00 support line - creating a hammer candlestick. The bottom would be in. But it's only guessing right now. Let's see some more price action and make sure of the bear before selling his skin.
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Well we are at $2.40 now.
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Just like that $2.36 to $2.51, long buy tail support. I tried to buy at $2.36, was not filled and was only there for 1 minute, if that. I think that was the low, thats usually how it works....i never get filled and the price is there for a NY minute.
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WallStScalper PRO blackalphamale
Interesting level here at 2,41 I agree!. Gold have made a perfect 61,8 retrace and setting a possible bottom, but I'll wait to see a conformation on a double bottom here. If gold move lover we might see the 1,27 retrace of TRX. But eyes open here!
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WallStScalper PRO WallStScalper
Looking intraday. 2,41 could be a perfect stop for a double bottom
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Just broke to $2.38, this is the 10th consecutive down day in a row. Ive never seen this before and Ive been trading TRX for 2.5 years now.
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WallStScalper PRO blackalphamale
Yes...but I think the banksters are setting up for a US debt default and having gold miners squeezed to a minimum and going then long ...would be a goldmine. TRX could also be setting up for a huge IHS with a neckline around 4$. Head around 2 and target at 8$...wow! Fib time would be 13 days...so 3 more to go.
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Looking at TRX from a daily view. A support line is here going back to may 2013. It is a very interesting area here...but i'll still wait for the conformation of a double bottom...but tempted to buy...for sure.
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If we get 3 more down days in TRX it will finally bottom at $2 (at this pace)
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WallStScalper PRO blackalphamale
You are right...and we still need to see a complete capitulation. At that price I would be all in. :)
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Crap. TRX put in a bottom at $2.30, all my PM indicators are screaming LONG right now.
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WallStScalper PRO blackalphamale
Yes I agree! It looks like it found a bottom here. The price action this morning does also agree with you :) Let's see if it will be a 4th wave up or it will continue up from here due to the many days it felt and create a short squeeze.
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WallStScalper PRO blackalphamale
Looking good so fare. Let's see if it can hold on to the recapture of the 50 hour ma.
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WallStScalper PRO WallStScalper
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lol, shit so much for a bottom, the miners reversed again...good grief....new lows coming :(
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WallStScalper PRO blackalphamale
A double bottom could still be a possibility. I haven't bought it yet. I think it needs to prove it self over a week at least. I usually explain it with ....ma's need to come down in the area for it to be able not to have resistance above... (Ma's of different time coming down to level).
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WallStScalper PRO blackalphamale
DB ruled out. Gold and goldmines selling off. Yesterdays price action was just a relief rally for deep oversold level.
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Yep, $2 on the way, FYI :SSRI is trading at cash value right now
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GDX broke a Head and Shoulders neckline at $24 that measures to $17.
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TRX is very close to the shs target now.
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Well we hit 2.05
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Insane how it can go down 16 of the last 20 days and the up days were .02, .03 and .06. Lmfao
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WallStScalper PRO blackalphamale
We are just at or above buy zone so have bought my first portion shares. I see 2,02 as theeee shs target but if everything tumbles - a complete capitulation at 1,56 could come in play. and create a triple bottom.
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It more and more looks like TRX finally have found it's bottom 0,03 points above my shs and fib target. Nothing is for sure yet but are we having a follow through tomorrow ...I will only be looking for that this could be a wave 4 up in the EW terminology. ( Will look at the count later this week)
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Yea, we need to pass 2.30, then 2.55, then 2.80, then 3.00
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