TKM trek metals limited

While I am still clueless about the possible micro-count in this...

  1. 304 Posts.
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    While I am still clueless about the possible micro-count in this wave up, and still unsure if it intends to follow pink or blue (or something else entirely of course), I do have to state that this is starting to get too big for pink. So:

    -either we already had a minuscule wave ii hidden somewhere in that move, and we are already working on pink iii. That really is a stretch and not at all my favorite scenario but has to be kept in mind.

    -blue is starting to gain in probability and the fact that there was no retrace to try and label some wave is simply because we were in a 3rd of a very extended 3rd in this blue (1). That would also explain why the move at first looked corrective from support. Because 1st of 3rd extended way past regular ratios, making it look an abc corrective move. Anyway, no need to get lost in theory, the important thing here is that if this leg takes us to 0.08 or so, and then we see another retrace and higher high, ideally to 0.1-0.11, then we would have a rather convincing 5 up as blue (1). Even if not that textbook, the more this move carries on from now on, the more likely we are in blue as opposed to pink. Of course, going TOO high and especially over 0.15 and 0.2 would tilt the odds toward the above point, that we are in pink iii already. Pink was my favorite until now as the target for blue are just insane but won't argue with the market if it wants to give us blue. For a reminder, blue is the uber-bullish count where this think will make the full 5 waves impulse off the 2020 low with a final minimum target over 5 dollars. Yes, obviously talking years if not decades to get there but the (3) of 3 will be the strongest, fastest and could be starting RELATIVELY soon.

    -That being said, and to temper my optimism a little, we are still within parameters for the pink count. My labelling was put before a significant bottom was even confirmed and assumed a 100% extension in the pink count. It is totally possible that we extend past that, hence blue i going over the proposed box. It is also possible we get a very deep retrace for ii, which would still project to the 100 ext even if i was bigger than thought. Etc ect....

    -Also, if this move up from the 0.046 proves the final high in this wave, it favors the pink count A LITTLE (because there's just no ideal way to count this because of lack of microstructure/retraces). Another correction and high afterwards would favor blue.

    So, jury still out. Still riding what I have bought at support and still looking for opportunities to add -and hoping we get a proper wave ii or (2) at some point as I would really like to have more shares. I may take a few profits iw 2 higher highs take us into the blue (1) region, but it will be marginal, likely 25% of my position max. These kind of stocks sometimes just rocket higher and higher without much retrace at all.

    GL to all, and let's hope this thing does not disappoint in the future. https://hotcopper.com.au/data/attachments/6945/6945299-325670c6c543715690edb6192b7617f4.jpg


    https://hotcopper.com.au/data/attachments/6945/6945304-3e4bf34c9fd083c0c175decc7ad28295.jpg

 
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Mkt cap ! $44.00M
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Last trade - 15.57pm 16/06/2025 (20 minute delay) ?
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