WallStScalper
Long

A TRX study from different angles Part 1

AMEX:TRX   TANZANIAN ROYALTY EXPL CORP
84 0 0
This is my study of TRX             beginning with a weekly view using Elliott wave .

I'm long term bullish on the stock .

I see TRX             being in a triangle making a push up an break out after making an e-wave or an alt c-wave. The push will be in 5 waves up where it will meet the red resistance line. Here it will be determent whether it will be the alt d-wave and thus have a continuation out of the triangle pattern or we see an alt e-wave before turning up again. If the latter I expected the e-wave to meet the middle of the triangle wave before turning up.
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