TAR taruga minerals limited

Ann: High-Grade Copper Discovery at Mt Craig Project, SA, page-219

  1. 307 Posts.
    lightbulb Created with Sketch. 80
    Todays price action showed that it's tending to want to pull back a bit more.

    Weekly: RSI broke below it's uptrend line (which I had hoped it would bounce upward off) and also support line at 70. Also EMA 3 has now curved downward, and the price bar has closed at it's low.

    Daily: instead of prices launching upward off the moving averages and the RSI climbing further from RSI support, prices have turned back below the averages and closed at the low, and RSI has turned back down and is challenging 53 support.

    All of this now make this look like it will correct further before settling (especially that RSI break lower in the weekly). First support I'll check for (and re-assess at) is 0.0773 (daily 26 EMA), and after that .0746 (weekly 7 EMA).

    Still liking the weekly 26 EMA and 50 SMA sweeping up to cross the 200 SMA, but no clicking on the buy button just yet by the look of it.

    https://hotcopper.com.au/data/attachments/3206/3206641-b1327903ffdb29cfbb8448b3d562e5cc.jpg
    https://hotcopper.com.au/data/attachments/3206/3206647-3ce76fe6ce3dacbbb34776cdcd511cd4.jpg


 
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