NVA is a holder of us TNR not the other way around, correlation doesn't equal causation.
RED however is a Gold giant right next door that TNR is surrounded by and they are making big moves in the area, so this has more impact than what NVA will be doing.
Technical level fundamentals are represented visually on the Chart through price action, each Wave will correlate to some level of fundamental news either direct or indirect.
Price of Gold has increased significantly this week and that also plays a big part in a lot of Goldies pushing up.
Anticipation of initial drill results from the first batch is also driving this up, with people taking positions for what's indicated to be potentially good results, but it's a long campaign.
Add to it the re-rate from acquisition of further tenements.
So for me Fundamentals play a key role to informing the technicals, but that's my style which is a hybrid mix
Some of my previous Chart posts:
Breakout from 2.1c - Weekly Chart
https://hotcopper.com.au/posts/47548254/single
Breakout from 2.1c - Daily
https://hotcopper.com.au/threads/news-tnr-torian-resources-expands-diorite-block-through-tenement-acquisition.5669141/page-7?post_id=47897373
Short Term Breakout Price Target of 3.1 surpassed!
https://hotcopper.com.au/threads/news-tnr-torian-resources-expands-diorite-block-through-tenement-acquisition.5669141/page-15?post_id=47914046
TNR chart, page-12
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Mkt cap ! $11.64M | |||
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