The action since 2017 could be seen as a cup with handle pattern. The action since 2012 looks like a large "W" pattern. There is overhead resistance. I think intermediate term 34-35 is possible. Up about 13% so far today.
Process you r way.
From Zack: " Tronox Holdings plc is a vertically integrated mining and inorganic chemical business. The company mines and...
TROX seems to be bouncing off the 200MA. Just came off good earnings and an increased dividend. Seems to have strong fundamentals. Targets set for previous high, and 127 and 168 fib extension levels (which are also previous levels of resistance).
Target 3 = 30.50 RR: 1.66
Target 2 = 27.30 RR: 2.37
Target 1 = 24.51 RR: 3.13
Close below $15 and I'd get out.
Hey my friends, TRONOX HOLDING PLC is in a bullish continuation of large buying volume, on TIMEFRAME 4H we see an aborted attempt by sellers. Strong potential to go into the bullish gap to seek the bearish point of the fall, to fill the catch-up and with the quantity of purchase volume may be relapsed thereafter.
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I am not to sure about this channel, but still we can see a nice repetitive pattern, as the price bounces between top and bottom.
BUT as we are in an uptrend (daily chart) I will watch this one for now, or wait for a strong bearish candle before I enter it. For now, this is only educational for me.
We could see a breakout on the same time, since the price has...
I found a good opportunity for a nice swing trade again.
As we can see, the top of the cannel is reached, and now what will happen?
I see two things right now.
1) A breakout with a pullback, that would be my entry trigger.
2) A double top formation, and of course the price will fall then. So we have a short position. I will wait a few hours, maybe...
Looking into 30 mins charts where the RSI has been falling substantially vs price action... which makes a way for another upswing ... Also looking at a 2hrs charts it appears to be a bull flag
Also got multiple of my bullish indicator on 30mins charts which is again very bullish... I will expect the price action to break 8$ mark very soon
Very good short play on Tronox Ltd. This stock has broken its upwards trend posting a lower high after 4 higher highs in a row and it is at the top of the linear regression channel. TROX has bounced off of a resistance line and is experiencing decrease in volume. The MACD is also about to crossover to a sell signal and the Directional Movement Index is showing a...
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