TRY 0.00% 3.0¢ troy resources limited

Well that price range of 1733-1768 in my previous post worked a...

  1. 106 Posts.
    lightbulb Created with Sketch. 147
    Well that price range of 1733-1768 in my previous post worked a treat, with the Nov 30 low at 1764.5

    So, I'm very confident that the low is in because we have seen price action above the blue trend channel.

    Here is a 3 day GOLD chart.

    https://hotcopper.com.au/data/attachments/2714/2714758-0294fef8d7b63cf76f83d11d060a6975.jpg


    Points to note.
    1. The first ellipse (Apr - Jul 2020) has a bit of sideways action as the price is trying to break out of the blue trend channel.
    2. I expect a similar action from now to Jan 16 2021 as shown in second ellipse.
    3. Jan 16 2021 is the intersection of the upper line of the trend channels where I expect the price to break up out of BOTH channels.
    4. Using RSI and Stochastic, we have to go back to Aug/Sep 2018 to see a more significant low. (same on charts with a larger time period)

    Nice to have a rising Gold price to support this stock as, HOPEFULLY, good news flows.

    Just my thoughts.
 
watchlist Created with Sketch. Add TRY (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.