MACD is curling up and the ADX D+ just crossed the D- suggesting a bullish trend is starting. The price is recently off the 200 sma where it tested it 3 times and the most recent candle made a bullish hammer with its tail testing the .61 fib level.
I would like to see a close over $2.18 to add to my long position.
targeting: $2.46 in mid term.
Recent MACD cross and also a multiple bottom pattern over the last couple of weeks.
I like that the most recent candle closed over the .32 fib level and that the 9ema crossed the 20ema.
Considering scaling in if price can hold the $1.87 level if not I will start at $1.67.
Targeting $2.19 in the short to mid term.
Looks like TGB is ready to head higher after some consolidation around the 50sma.
The 9ema recently crossed the 20ema and today's candle managed to close above the .5 fibonacci level.
Also I like the MACD curling up about to cross and the the proximity of today's close to the ytd POC line.
1st target $1.96
2nd target 2.09
Taseko Mines
Will fill gap up, then upward trend continuation.
Entry 1.70 - 1.72
Retest 1.80 / 1.85-new support levels
PT Range1.96 - 2.10
Possible Options Play:
Buy March 19 $2 Call - 0.175 Mark
Taseko Mines operates as a mining company, which engages in the acquisition, development, and operation of mineral deposits. Its properties include Gibraltar, Florence...
TGB is offering a low risk entry at this level. The current price is close to the POC line ($1.31), the MACD is freshly crossed and the RSI is still cool. Yesterday's gap up to close above the .5 fibonacci level is very bullish.
I want the price to pass $1.47 to avoid a "double top" and will enter at that point for a long swing to $2.18
I modified two scripts so I could plot the Jake Bernstein MAC with the Williams A/D on the same plot. Copper is hot and Taseko Mines has been a cheap way for me to profit from the bullish copper market. The monthly MAC is also bullish so this makes it a higher probability trade.
TGB on 11/30/20 looks very similar SVM. Now a month later, TGB has taken out its previous peak and made a new 52 wk high (where the stock currently sits). Similarly, I expect SVM to take out it's prior peak of $8.91 to make a new 52 wk high within the next month of trading, which would be a 30% return in a month.
TGB is a small cap copper miner, while SVM is a...
TGB looks to be setting up for a continuation of the prior rally after consolidating for the past few weeks. MACD is crossing and yesterday's candle closed above the .5 Fibonacci level. I will be accumulating this one for a couple of months. 1st Price target 1.34, 1.60 and then 2+
Try to get in at around .65 cents. Stop loss at .50 cents. Start taking profits at or around 85 cents. Could run up to $1+. They were given a $1.4b valuation.
