TMZ 0.00% 0.5¢ thomson resources limited

We stuck a pretty clear descending wedge.Hate to say it but if...

  1. 447 Posts.
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    We stuck a pretty clear descending wedge.

    Hate to say it but if we have a modest pull back in silver (Highly likely even thought it has clearly broken out) then TMZ might have a final leg down into this wedge. That would be the ultimate buying opportunity. Mid to even low 5's. But to sell now and take the risk of being caught of position incase it doesnt go lower, even if it does it might be tough to build a decent position ie 1-2m shares below the current price.

    I think longer term holders will be much happy in 4-6 weeks from now.

    The mania that will come when silver goes above $30 will be huge, it will make Feb 2021 look like a blip on the radar.

    PS- When TMZ does go, I would expect it to be pretty explosive, compared to TMZ theres about have the SOI.
    https://hotcopper.com.au/data/attachments/4157/4157363-6fd40305cf1e031acc09023ce47a44c8.jpg

    Last edited by bullbandit: 09/03/22
 
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