TA charting analysis, page-139

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h00ts

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12/09/18

22:11

Post #: 35561684
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Originally posted by 7benson7 ↑

Broken out from a textbook falling wedge (#aswarned!!) on stunning news which adds hundreds of millions of dollars to NPV and triggers further newsflow*

View attachment 1287890

History tells us with TMT, that moves are progressive and persistent. If we look back over the past year we've had 2 breakouts from similar set-ups triggered by news or market awakening which have each resulted in rough 100% gains in the following weeks. Penny stocks tend to react more quickly (in both directions) but I'm more than comfortable with our slow and steady moves towards fair value.

I'm not going to go quite so far as to say this will be repeated in the next few weeks, but the value is there, the spark is enormous and the break from the wedge is clear. Textbook charting doesn't mean much on its own, just patterns that have been repeated in other stocks in the past, so what... When a pattern repeats in a single stock though, with fundamentals more than supporting a similar move to follow, you have something to look out for.

Coming from an ultra low base, with strength in the V market and possibly even a shift in market sentiment; the coming month is looking pretty exciting

* Current market premium of $2-$4 for 99.5% V2O5 not allowed for in PFS $8.73/Lb base margin used.
Multiple samples sent to VFB and steel end users.
Produced with conventional salt roast / water leaching.

All just my thoughts and doodlings.

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The old falling wedge nice ! how does it look on the candle chart ?

TMT Price at posting: 56.0¢ Sentiment: None Disclosure: Not Held
1 Upvote

0 Great analysis

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TA charting analysis, page-139

Top Stories

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