Double Bullish 1.414 AB=CD both found on 17 April 2021 and 27 April 2021.
Price expected to fall next week, however expected to rise on the following week.
AMEX:TMQ formed a nice head and shoulder pattern and is about to break out. Anticipated price action is shown on the chart, trailing stop weekly close below 50 MA.
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This is only my own view and not financial advice, do your own analysis before buying or selling
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TMQ is moving into the apex of a 1.5 year long descending triangle. The stock has yet to react to rising metals prices but I'd have to assume the stock breaks higher as the $1.65-$1.50 area has held consistently (assuming March/Covid was the 'failed breakdown'). I'd be a buyer below $1.80.
Trilogy ready for new test of resistance coming out of cup and handle with surge to next fib retracement area. Look for breakout or retreat down before likely up.
Trilogy Metals, Inc. engages in the development and exploration of mineral properties. Its properties include Arctic and Bornite deposits. The company was founded on April 27, 2011 and is headquartered in Vancouver, Canada
Yesterdays upgrade
Trilogy Metals initiated with an Outperform at BMO Capital 05:00 TMQ BMO Capital analyst Rene Cartier initiated coverage of Trilogy Metals with an Outperform rating and $2.25 price target. The company is dedicated to advancing exploration, permitting and development at the Upper Kobuk Mineral Projects high-grade polymetallic properties located...
Trilogy Metals, Inc. engages in the development and exploration of mineral properties. Its properties include Arctic and Bornite deposits. The company was founded on April 27, 2011 and is headquartered in Vancouver, Canada.
Our Company is uniquely positioned to offer investors exposure to rising copper, zinc, gold, silver and cobalt prices, with additional upside from exploration success and resource expansion, as it determines the extent of the mineralization at the UKMP.
Our team has been working in the Ambler mining district since 2004, and is equally passionate about building...
For six month we have a strong uptrend now.
-EMA 200 is below the price
-EMA 9 gives a nice buy signal
-A pullback just happened
-Higher highs and higher lows
Safe trades to all of you, see you tomorrow
