At resistance of long term consolidation - once we break 28.5 then off to 35p as the first TP and expect another long term consolidation before breaking and going to 75p!!
PATIENCE pays off when you invest in good companies!
Keep an eye here for T-line break & close above
we had a bullish divergence happen recently and bounced from the support which was previous resistance back in 2015
1.7p-1.8p is next resistance level & a few resistance areas like 200ma so be wise & slice accordingly - Don't hold forever.
MTR has broken the 50% retracement line with some strong bear action. It's now poised at the .618 retacement level that could see it bounce off this area and make a new high. There has been some strong downward pressure pushing through the .318 and the .50 which could easily see the bears push through the .618 also. If this line is broken, look to sell as the next...
A completed inverse H&S here followed by a 50% retrace of the final move from the bottom of the right shoulder to the extension. This should be a very good buy price here in anticipation of the price moving up toward the 161% Fib extension.
We have a completed inverse H&S here followed by a retrace of approximately 50%. There is a small chance of a slightly better entry, but advisable to think about taking up positions soon to take advantage of the upcoming golden cross. Certain to retest the recent high, but I'd be looking towards the 161.8% Fib extension at this point around 4.3p
The daily chart of the AIM listed Metal Tiger shows prices have formed a Flag and Pole formation. This is a continuation pattern, means a bullish break would suggest continuation of the rally from 0.712 (Jan 22 low).
Check out the interview with Metal Tiger’s CEO here - www.youtube.com
Metal Tiger Plc engages in explores, and develops mineral properties in the United Kingdom, Europe, the Middle East, Africa, the Asia Pacific, Australia, and the Americas. The firm operates through two segments, Equity Investments and Project Investments. It explores for gold, copper, tungsten, silver, lead, and zinc resources, as well as base and precious metals. The company was founded on April 6, 2001 and is headquartered in London, the United Kingdom.
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