TPT 0.00% 0.9¢ tangiers petroleum limited

Risk right now is to the upside not the downside. Accumulation...

  1. 1,425 Posts.
    Risk right now is to the upside not the downside. Accumulation at these levels now would be a good strategy.

    My bet is that these capital raising levels have been waited upon now for a while and now this is done, I suspect that 18p/27-28c its going to be hard breaking those levels. When the buying comes in now, picking lows is going to be missed by a good bit. There is not much on the sell side and you will see the buy side increase this week as soon as the trading halt is released.

    Chart looks like its at accumulation levels in my opinion and it won't take much for this to break to 40c in a heartbeat.

    But my opinion only. Good luck with whatever strategy you have.
 
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