Short Term Trading New Year: 27 Dec - 1 Jan, page-112

Further to MNS 2019 tip. TA

Bullish Falling Wedge


In a perfect TA world, it would seem to still have a bit to run on the downtrend, although the recent 3 cents rise in the latest 'uptrend,' may be the turning point. Maybe the Doji on Christmas Eve was the low and turning point.

Fundamentally speaking, the 40c options exercised by Director, Peter Tsegas, when the share price was .29, costing him $300k, is a clear sign of the turn-around in Tanzania. Also, the move within the company of Marc Vogts - ex BHP Billiton and Rio Tinto - is another sign that things are hotting up.