TLG 0.87% 57.0¢ talga group ltd

The Raff channel is still running down, but MACD shows rising...

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    The Raff channel is still running down, but MACD shows rising support, i.e. Bullish Divergence.
    Combined with market action - reduced supply, rising demand - this suggests to me a turn could be imminent. As long as 61c remains resistance, it's still risky and may not eventuate. But that's what stop-losses are for. My line in the sand is 57c, giving me a 3c risk for 10c reward - possibly twice that.

    TLG n BullDiv 17-10-17.png
 
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