WallStScalper
Long

Certain things are likely...the shs hypnotize me

AMEX:TRX   TANZANIAN GOLD CORPORATION
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4
213 15
I'm back from a month long vacation visiting the Canary Islands

It's playing out the way I draw my chart a month ago.... so just an update.
The stock is very bullish and so is gold . ( XAUUSD ).
If we are very very lucky we see a 61.8 retrace for a perfect right formed shoulder.... but doubt that it will be getting down there when it's that bullish . I do hope for a 50 fib retrace but see it most likely only making a 38.2 retrace
The left shoulder was in the making for 19 days - if market shows perfect symmetry...we'll see a neckline break close to medio march.
I have therefore starting a pick up of the stock again for a nice gap-close ride at shs-target :)

As always...safe trading ladies and gents .
BM
Music at work:
http://open.spotify.com/track/1lU2ZCISRe...
http://www.youtube.com/watch?v=M9VUZDtkt...
http://www.dailymotion.com/video/xuz41u_...
$2.77
Nailed it.
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WallStScalper blackalphamale
Yep.... so ... Certain things were likely :).... glad you profilted
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WallStScalper WallStScalper
There is a confluence in the area 3.31 to 3.06. If a 61.8 retrace of the latest swing we have 3.20. So somewhere in the area we should see a top of a wave 3 up. 5th wave will then possible break the overhead resistance (Red line).
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WallStScalper JamesMark Ii
Yes I agree ...long term target
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HYPNOTIZED
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JamesMark Ii littleriver
You could draw the same trendline from the 2006 top to the 2008 bottom, you drew is incorrectly, its going higher than 3.00. We have a triple bottom at the same area and each hit #1 1.58 to 7.82, then #2 1.56 to 5.34, then #3 $1.63 to $9, target 2016.
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0 15c they expire march 22
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March $3 calls
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