TMT 1.45% 35.0¢ technology metals australia limited

I was waiting on the side line watching it retrace after the run...

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  1. 75 Posts.
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    I was waiting on the side line watching it retrace after the run and added yesterday for the second time this week and will sell some other stock to buy more soon if this stays around 50 or under for little longer. I expect this to stay in the channel of 50-60 for a while before next leg, in the same way how it was being accumulated for few months between 37-45.
    I was punished hard with battery metal stock this year after buying too high and Im reluctant to buy anything in general now, but TMT is one of the very few stocks that didnt dissapoint me this year, quite oposite, it gets better and better. Now it is very near 200 EMA, fibo line, and major support + fantastic FA and management..
    From January I was asking myself all the time why it does not fly, I made some small profit, then when it got into 0.80s I was thinking finally the market woke up and thought I missed the bus as I didnt top up in 40s, I only had small parcel which I sold at 67 and wanted to buy more cheaper afterwards.. now is the opportunity. The producers are flying first obviously, then I think more eyes will move here, in spec territory.
    The only question is financing, if that gets settled we are in multiples. But for now we are good even without it, IMO.

    Good luck to all.
    Last edited by dungac: 05/10/18
 
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Currently unlisted public company.

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