Yeh sometimes they work out sometimes they don't. I try to do this almost as training for picking entries and exits on stocks i want to go long on. Almost as if i'm investing based only on T/A but with a fraction of my holdings. If i'm right i can usually increase exposure or make profit in some of the smaller cycles.
If I'm wrong, then i've only effected a small part of my overall capital and i'm still long on the stock and will make a profit on the remainder. This time the T/A seemed to play out as expected.
23m MC with 1m oz resource. 4 drill holes to come anytime and shooting fish in a barrel type drilling. With the resource upgrade a SS and now flagged interest it's a good a time as any to top up/ take entry IMO etc etc.
Watching for the bounce at this level. 2-3days should tell us enough.
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