TNR chart, page-240

Liking what iam seeing here, good consolidation after the recent move higher, with the price action now making a move above the 3.3c neckline. Fresh highs to come from this move if we can see the price close above the topside bollinger band at 3.5c

MACD about to cross back positive above the 0 control line is very bullish for a continuation with momentum. RSI moving higher with room before 'over bought' signals coming into play and stochastics turning north once more.

Volume has been very light on throughout the consolidation period, telling me there has been a lack of genuine selling throughout this period. Positive news to come from pending drill results will only fuel this move harder!

Have taken a position.

Daily - Shorter term setup


Weekly - medium term setup
Looking at the weekly setup for some perspective on this move, the next target that will see interest will be the 200w MA at 4.5c.

MACD trending nicely positive above the 0 control line, with stochastics and RSI heading north once more.

Price action also interacting with the topside bollinger band is a positive for the move to continue at pace.