TGZ - Teranga Gold Corporation

[pavilion103]

Up another 6% on open
Big gap up to $1.25

 

[pavilion103]

Down to 1.07
Interesting to see how it reacts from here.
A consolidation and expect another nice up move.
Next couple if days will tell.

 

[Buckfont]

Down to 1.07
Interesting to see how it reacts from here.
A consolidation and expect another nice up move.
Next couple if days will tell.

Hope you are right pav. Not having any smarts with technicals I'm curious as to how you arrive at your ability to see this. Even if you reply it'll probably fall on deaf ears, but I thank you anyway.

 

[pavilion103]

I can't tell anything yet. Next few days will be important. Ill post a chart as it becomes clearer.

 

[pavilion103]

Stopped out $1.06
Had hoped for a bit more but still 36% was good.

 

[pavilion103]

Reversing my position if it breaks 1.05

 

[sreeve]

My TGZ chart view below.

TGZ is a fairly illiquid gold stock. Nonetheless, weekly candlesticks create a more clear view on the areas of resistance and support. The 80 cent region has been a dominant area of resistance, whereas 55 cent has been a strong support level, and the place to watch if the current trending support line is broken.

~ Scott

 

[System]

On September 14th, 2017, Teranga Gold Corporation (TGZ) was removed from the ASX's official list in accordance with Listing Rule 17.11 following the Company's request for removal from the official list.