I agree that we have a rising sp in the coming weeks. Reasons are * My Elliot wave analysis says the next surge will be to a minimum of 12.5 cents (that is a conservative figure based on no news). * Indicators show a push higher as you suggest. * Gold has another push higher to around $US1,561 before a breather, but I think it could slide lower to around $US1,483 before this next surge higher to $US1,561.
Here is a 6 hourly chart with the Elliot wave analysis for the 12.5 cents target. Things to note * The grouping of the fib ratios around 12.5 cents. * The stochastic chart at the bottom (black and red lines) shows a widening meaning likely sp rises. * The RSI has turned up from the 50% mark which is where it turned up last time (early Aug)
However, if there is any good news coming out, that changes everything.
TRY Price at posting:
11.5¢ Sentiment: Buy Disclosure: Held
