After the 30 points rise yesterday, a consolidation or sideways...

  1. 22,691 Posts.
    After the 30 points rise yesterday, a consolidation or sideways trading was resorted to.

    Technically, it was expected as the slow STO was 100 last night and still 97, now:

    http://bigcharts.marketwatch.com/interchart/interchart.asp?symb=AU%3ATRO&time=&freq=

    Fundamentally, as mentioned, TRO is very cheap but some consolidation resulting in a lower STO, was desirable.

    There will be more hands on deck next week and by then investors will prepare for the latest jorc resource estimate and the pre-feasibility study, the latter in February.

    Hopefully, the stock remains on the radar and we could expect a rise in the share price prior to these events, IMHO.

    Gerry
    Readers, please do your own research and you decide if and when to buy, hold or sell any stocks or metals/commodities.



 
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