TPT tangiers petroleum limited

TPT - sucessful test of breakout level at 0.23c

  1. 75 Posts.
    Techincally TPT has done a beautiful breakout ( at 0.23c) and retest of this triangular pattern which is usually very bullish going forward!!

    Looking at the weekly chart we have a more bullish falling wedge ( the top of this triangle is around 0.75c) so doing the math we SHOULD HIT THE UPSIDE TARGET of twice this height from the breakout point!!

    75c - 23c = 52 (height of triangle) then we ADD THIS TO THE breakout point of 0.23
    0.23 + 0.52 = 75 minimum upside but usually closer to TWICE this 0.23c + 104c = TARGET 1.26c

    Please see LNG as this recently has had a similar chart breakout around 0.40c ( and is now 2.00$!!!)

    Good luck to all
 
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