WallStScalper
Long

Certain things are likely...the shs hypnotize me

AMEX:TRX   TANZANIAN ROYALTY EXPL CORP
187 15 3
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/1lU2ZCISReoeHX1aFKrnZe
http://www.youtube.com/watch?v=M9VUZDtktc8
http://www.dailymotion.com/video/xuz41u_kissing-the-pink-certain-things-are-likely-phil-harding-mix-re-edit_music
Wall St Scalper
This was the chart... a month ago .
snapshot
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blackalphamale
2 years ago
Looks like target gets hit April 3rd or 4th if the symmetry lines up.
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WallStScalper PRO blackalphamale
2 years ago
Well.... we will then have a month of joy in walking to the bank. ;)
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blackalphamale
2 years ago
March $3 calls
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WallStScalper PRO blackalphamale
2 years ago
Yeah...unfortunately I live in Denmark and is therefore not allowed buying options... But what a bargain :)
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WallStScalper PRO blackalphamale
2 years ago
What is the price now?
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blackalphamale
2 years ago
0 15c they expire march 22
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littleriver
2 years ago
snapshot


HYPNOTIZED
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JamesMark Ii littleriver
2 years ago
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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JamesMark Ii
2 years ago
http://content.screencast.com/users/JamesBrrando/folders/Jing/media/fd47ddf4-a3ca-4721-8b97-9bb8875f0398/TRX%20Target.png
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WallStScalper PRO JamesMark Ii
2 years ago
Yes I agree ...long term target
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Miss Pick & Choose..... a trend channel
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WallStScalper PRO WallStScalper
2 years ago
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).
snapshot
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blackalphamale
2 years ago
$2.77
Nailed it.
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WallStScalper PRO blackalphamale
2 years ago
Yep.... so ... Certain things were likely :).... glad you profilted
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