1D. Gap closure 14.5c. The directional movement is currently bullish with ADX showing a strong trend (49.6), which suggest the long-term movement is possibly still intact. Wave Trend is showing a bearish release at overbought levels, expect this to be healthy profit-taking. Massive churn on the way down hints at new buyers coming in. RSI going through a bearish release with money flow also dropping below 0.
However, looking at volume across price, we see that since TMZ's new uptrend (starting early May 2020) 70% of investors and position traders have entered at a range of 1.5c to 13.5c. This means that most of you are at minimum 12% to a maximum of 1000% in profit! The largest volume price entry was at 4c, with the second largest investment in price being 12c. Nice investing!Unfortunately, 30% of holders have entered at 13.5c to 25.5c with a large entry level being 21c. If TMZ follows the worst trend projection and no fundamental announcements impact the technical movement of the stock, we should see 25.5c by the 25th of April 2022. A more positive trend, would suggest reaching that price range by September this year. Of course, that is sheer speculation, as I'm sure the many projects the company has at hand and the many announcements will drastically impact the share price. Great minerals to hold for the global electrification punt.
1H. The MMAR (Madrid moving average ribbons) are suggesting that optimal entry would be at 14-14.5c. A breach of 14c would break the trend down to the 12c ranges and potentially convert this into a downtrend (trends below the 100/200MA).
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