Many news are coming out regarding Rio Tinto and TRQ . I can copy and paste any of the news out there. But it will not help us to find which is the next lower price since it's bull wave last year. I think, most of the news will push the price down. In result, retail investors will take loss while big player taking profits and re-enter this stock after a while. I...
Copper futures broke out of their wedge this week, with per tonne prices breaking the $10,000 milestone. Names such as Freeport-McMoran (FCX) are benefitting from this, while TRQ is on discount due to. setback in their mining process. Despite Fed tapering, copper is strong, surprisingly. I believe that now is the time to get in "The New Oil", as stated by...
This is weekly chart. Considering how well Dr. Copper ran lately and how Gold is about to break out this chart looks great. Easy $9 up potential in a short term and if we get Golden cross and Gold and Copper prices reaching new ATH previous $290 range is very realistic possibility. I would buy this one if I had any $$$ left. I am all in already. Good luck
Needs to break above .85 to see higher highs, in the short term. Above this level could see .89, .94, and even a gap fill. However, Rio Tinto, the majority stakeholder in the Turquoise Hill, has had terrible news this year and even a CEO that recently stepped down, which is something to be wary. However, TRQ is seeking funding from RIO and if granted, this could...
here's something im sure we've all been watching.. looks pretty flaggy. IF the trade stuff is settling out, and markets general attitude stays upbeat. I think this looks real nice.
Of course this has a lot of strings attached.
WXYXZ correction shows to have some violent price action. The price action could be putting in a double bottom formation, but could also dip down further. This could be a good one to watch as if the correction is complete then we can expect some fast impulses up.
TRQ seems building some upward momentum. It crossed above EMA lines and Moneyflow is building up.
If it can break above $3.05 it will have a good run up to 3.23 & higher.
You can check our detailed analysis on TRQ in the trading room/ Executive summary link here-
Time Span: 24:40"
Trade Status: Pending