TMT 0.00% 26.0¢ technology metals australia limited

Seriously mate most if not all explorers experience a pump and...

  1. 10,441 Posts.
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    Seriously mate most if not all explorers experience a pump and dump. The question is when. The ta so far is holding up. Broke the uptrend as we mentioned earlier in the weak and retraced to ma10 and oscillated for a day or 2 below the previous resistance of 33.5. All this on low volume. Now the 33.5 was finish (would have preferred 34c) now the key is to consolidate at these levels and let the indicators cool a bit like CLA chart where a few days of consolidation above previous resistance of 33.5 to signal support strength allowing lagging indicators to catch up and leading indicators to cool off. Then reattack the new high before results. So far it is behaving as planned as nothing goes in linear fashion. Is it risky to buy at these - there is always a risk considering the sp has doubled. However this should be mitigated by have strict capital protection methods but if the chart continues it is a risk worth taking.
 
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