I’m no mining expert, but from a Ta point of view, it’s got a less than 10% downside risk - (.225 as a double bottom is where I’d expect it to touch if current support around 24 doesn’t hold) given it’s been through pog 2060-1780, vaccine news & the constant sell off thanks to .27 CR as well as general market sell off a fortnight ago) throughout the last 4+ months to hold on to 22.5 (which in itself was brief by the wick),
a decent 60% medium term swing trade to .40ish (allowing me to free carry the profit as investment) which in itself is still 30% off the ath so fairly achievable on a couple good anns (when market sentiment changes ofcourse as all prev anns have been solid from what I’ve learnt off those in the mining know how).
will take a -10% vs +60% risk reward swing trade any day. Screams a buy for me at current prices (I have some at mid 20s & would look to add more in case 22.5 happens - not a necessity ofcourse as could start uptrend towards 40 tommorrow itself for all we know). Hopefully pog/sentiment in sector+ann timing work out eventually. Long term ofcourse it’l be a beast when in production but even from a traders persoective, it’s a time to buy/hold right now & not panic sell.
TSO Price at posting:
24.5¢ Sentiment: Buy Disclosure: Held
