AMEX:TRX   TRX Gold Corporation
this past week you had your chance to add to your positions at .90c and even below it on a few days this past week. I see the .50 fib level at 1.24 as next target. The financing is in and there is some questions regarding dilution with the shares outstanding. I think the market will figure itself out on price and should see this stock run much higher as gold continues to push higher. I added to my position at .90 and I had another ladder fill at .88cents. I like the weekly chart as it filters the noise as I am longterm holder of this stock. Look at the macd histogram on the chart. Momentum slowed but we had no cross on our averages. We are still holding the bull trend in place. It pays to comb the time frames and pay attention to macd . Check out daily macd and you will see what I mean vs the weekly chart macd . Retest of 1.09 is coming and I believe we blow right through it to 1.24. Charts look good. It a matter of time before momentum ticks up and we get a nice run higher. I believe ultimately we take out the old highs in this stock. We will watch the chart.

Cheers

Pivotaltrader
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