One of you old hands should also do an awesome FA tip for short...

One of you old hands should also do an awesome FA tip for short term trading thread

The great thing with this stock is cash position. Traders won't get stuck in a raise when they pile back in (rising tin price and mental coking coal price rise should do the trick and this is a leveraged spec).

This is more a rounding bottom with a wedge structure than a true C&H but same concept.

Price target- We need to focus on the wedge structure - Don't forget this is a daily chart and the structure has been playing out for 4 months....so we need to work on that kind of time scale from the time of a structure breakout when thinking of targets

Generally the price target here is from the top of the structure to the bottom of the structure ie. 4c to 1.5c (assuming the bottom is in and I'm confident of that because it has provided a long term resistance/support level) = 2.5c added from the breakout zone (2c-2.1c)....so therefore about a 4.5c/4.6c for now......so now would be a nice time to average down for LT holders with higher entries (sub 2c buying is sweet)

MACD is about to do a bullish cross but it's not quite there yet- RSI is well oversold