what i have learnt over the years is the story or reason behind the price action is 10 times more important than the technical analysis alone.
The reason i have been bullish the last few weeks is the absorption of the placement holders in a very weak market with the upcoming drill.
This small cap has somethings that most small caps dream of, a possible monster resource in a stable country of a product that is in increasing demand with very limited source.
Potash companies are capped in the billion and if TRH is to ever mine it to will be capped in the billions. ( It has to find 2 billion in capex for a start)
so you have a possible multibagger
we know the potash is there, so it should be shooting fish in a barrel.
3 years in the making this drill progarm, plenty of reasons to buy.
TRH Price at posting:
78.0¢ Sentiment: None Disclosure: Held