A Swing trade setup up on Gold. Price is looking Bullish, ready to break all time highs.
On Wave count this is a Wave 5.
Apply risk management an reap hundreds of pips on this one.
#818wealth #Botswana #Gold
Extremely bullish here as progress is being made within the company.
Please watch latest interview with Tony Gilby at Proactive investors.
A very strong Q2 coming with newsflow!
We have an H&S pattern and are within a range at moment 5.36p-6.34p so once that breaks then momentum will come.
RSI seems stronger even at this levels which proves there is some volume...
Looking at 1st target 12.80p once broken through 200ma
Bullish divergence happening on RSI
30p Target price according to research.
Reserves comfortably exceed commercial threshold.
ASX listed MOD resources are developing a large copper project in in the Kalahari copper belt of Botswana in partnership with AIM listed Metal Tiger AIM.MTR
Chart has seen a long consolidation zone around the 6c mark with recent volume entering at the long term trend line, suggesting a break out is likely to occur in the near term. This aligns with potential...