Happy to take a position back in the old bull after retracing the monster move from last year, flushing out pretty much all of the hot money and getting the cap raise done, I think there is some decent value worth a look once more.
A pretty low risk swing at current prices. Indicators positioned nicely with the RSI breaking higher and MACD continuing to trend back to the all important 0 control line. I don't think it will take much to see the price back at the 10c+ range.
A close above the 43 day EM at 7.8c will be a very bullish signal and confirmation of the breakout.
1st stop with fairly low resistance will be 8.5c, followed by a gap close back to 10.2c, with 15.5c becoming the next target.
TSO Price at posting:
8.0¢ Sentiment: Buy Disclosure: Held
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