TVN - Tivan Limited

[jancha]

TNG has been sitting around 20c for last 2 weeks. Imo Down from 32c due a Chinese company director (15% holders of TNG) selling 3.5m shares. Now that it's over with the sp has finally started gaining momentum closing at 22c today.
Is Tech or Boggo still around? I would like to know their thoughts on this potential blue chip stock.

 

[tech/a]

My technical view

Note Charts are WEEKLY

Click to expand

 

[jancha]

My technical view

Note Charts are WEEKLY

Click to expand


View attachment 58955

View attachment 58954

Thanks Tech. TNG had a high of 24c and close of 23.5c. Previous resistance at 22c seems to have been broken. Slowly progressing back to it's high of 34c. I do believe that TNG is primarily driven by fundamentals and when confirmation (or lack) of binding agreements with one or more of the interested parties involved will determine TNGs share price. The Tivan processing plant will be one of the key factor leading up to these agreements with Woojin Hyundai and others.

 

[pixel]

I had an alert pending at 17c, which is where I had expected support to materialise, if any.
The alert went off today, confirming the break through the second gradient (yellow arrow).
So far, it doesn't look all that strong even at this level, and I'm still not buying.



new alerts updated to <=13 and >=17

 

[jancha]

I had an alert pending at 17c, which is where I had expected support to materialise, if any.
The alert went off today, confirming the break through the second gradient (yellow arrow).
So far, it doesn't look all that strong even at this level, and I'm still not buying.

View attachment 59404

new alerts updated to <=13 and >=17

Been awhile now how's it looking now Pixel and Tech?

 

[Porper]

Been awhile now how's it looking now Pixel and Tech?

I have been trading this although don't hold at the moment.

My take is that it should head up to the first target at $0.175. This is the 1.618 projection of the first leg higher from December. There is also minor resistance in that area. The second target is the 50% retracement level of the prior leg down...some resistance there as well. There is also a "Rounding Bottom" pattern in place which recently triggered. Measured move aligns with the second target.

 

[pixel]

Been awhile now how's it looking now Pixel and Tech?

Last September, TNG didn't drop to 13c; the break above 17 was only good for a quickie as price was rejected at the 22c resistance. And it's been downhill since, way below 13c.



on December 30th, I did buy the breakout at 8c. but took a quick profit a week later when the (yellow) 1-year EMA appeared to be resistance. The rounded bottom that Porper alludes to looks meanwhile more like a cup & handle, even though it's at the bottom.
Thursday's gap-up caught me off-guard, one reason being that I'm currently winding down ahead of a planned holiday break till after Easter. Otherwise, I would place a buy order at the breakout level 11.5c.

 

[jancha]

Thanks Porper and Pixel for your input.
I like the fundamentals of this stock and was holding it when it went as high as 30c+ last year only to watch it fall back down to 8c. I bought more at 9c when I thought it had bottomed and now was looking for exit with half of my holdings to buy back on the retrace. The idea is to play with half my holdings and if for some reason it doesn't retrace to let the remainer ride. It closed on a high on Friday which is usually a good sign for the opening on Monday. Once again thanks.

 

[jancha]

I have been trading this although don't hold at the moment.

My take is that it should head up to the first target at $0.175. This is the 1.618 projection of the first leg higher from December. There is also minor resistance in that area. The second target is the 50% retracement level of the prior leg down...some resistance there as well. There is also a "Rounding Bottom" pattern in place which recently triggered. Measured move aligns with the second target.

Found the first target Porper of 17c today as stated and back to 15.5c at close. As with the increase in volume today would this be seen as a positive or a negative?

 

[Porper]

Found the first target Porper of 17c today as stated and back to 15.5c at close. As with the increase in volume today would this be seen as a positive or a negative?

High volume, low close negative short term but more confirmation required before getting overly concerned. It's just gone up too quickly...no big panic. A short retracement or consolidation would be ideal...then higher again. Just my view. Look for volume to dry up during weakness as this would be bullish.

 

[tech/a]

Agree with the analysis presented by others.

So I'll just add a little from my view on TNG.

Bottom line is you'll need to see swamping buying to stop supply from entering the market.
The price needs to rise without being smashed by supply as it moves forward.

The only way that's going to happen is holders trapped in losing positions continue to hold as price rises rather than selling out in droves to cover losses.




By the way you can only tell that the bar marked "This bar absorbs supply" actually absorbs supply is AFTER the next bar.
Which clearly rises on above average volume and closes high.
The current bar needs a bar or so to be able to tell what effect supply has/d on this chart.

 

[jancha]

Great read Tech. Thanks

 

[jancha]

High volume, low close negative short term but more confirmation required before getting overly concerned. It's just gone up too quickly...no big panic. A short retracement or consolidation would be ideal...then higher again. Just my view. Look for volume to dry up during weakness as this would be bullish.

Thanks Porper makes sense.

 

[jancha]

So far this week TNG has been holding around the close of last friday.
Would that indicate support is building at this level or is it to early to tell?

 

[jancha]

So far this week TNG has been holding around the close of last friday.
Would that indicate support is building at this level or is it to early to tell?

Still holding at around 15c. Would this indicate the new support level albeit on low volume?

 

[jancha]

TNGs announcement may have some bearing on the lead up and hold around 16c for the last few weeks. Woojin signing a binding term sheet with TNG which in itself only means they're going over the finer points before signing on a final agreement for 60% of the V205. Nothing set in stone but all the same looking good for the company.
The key here I believe will be the completion tests of on the Tivan proccessing plant due by the end of this month.
All this could explain for the rise in sp.

 

[jancha]

TNGs announcement may have some bearing on the lead up and hold around 16c for the last few weeks. Woojin signing a binding term sheet with TNG which in itself only means they're going over the finer points before signing on a final agreement for 60% of the V205. Nothing set in stone but all the same looking good for the company.
The key here I believe will be the completion tests of on the Tivan proccessing plant due by the end of this month.
All this could explain for the rise in sp.

Interesting point on the agreement Woojin was after the full 100% of production. Nice agreement with Woojin paying up front 200mil for the first two years of the mine life at spot price. Management seem to be holding all the aces on this and calling the shots. Market seems to like it also. A high of 18c yesterday.
Chartist?

 

[jancha]

Interesting point on the agreement Woojin was after the full 100% of production. Nice agreement with Woojin paying up front 200mil for the first two years of the mine life at spot price. Management seem to be holding all the aces on this and calling the shots. Market seems to like it also. A high of 18c yesterday.
Chartist?

Still no interest on the thread?
TNG is showing positive signs of heading back to it's highs of 34c from last year. They have enough money in the bank now to see the DFS through so I personally dont think the sp will fall again with another surprise C/R so unless there's further delays imo it should keep heading north. Once the DFS is done and dusted I believe the binding agreements will be put in place. I dont know if a chartist can actually gauge where this is going as I believe it's been driven by market sentiment on the DFS completion mid year.
Maybe thats why they are leaving it alone.
Nice story unfolding here. SP 22c

 

[jancha]

Still no interest on the thread?
TNG is showing positive signs of heading back to it's highs of 34c from last year. They have enough money in the bank now to see the DFS through so I personally dont think the sp will fall again with another surprise C/R so unless there's further delays imo it should keep heading north. Once the DFS is done and dusted I believe the binding agreements will be put in place. I dont know if a chartist can actually gauge where this is going as I believe it's been driven by market sentiment on the DFS completion mid year.
Maybe thats why they are leaving it alone.
Nice story unfolding here. SP 22c

My pick for the month: Anyone who has been following TNG would know that the Tivan testing has started and once completed the DFS will also be completed. Chart is looking more attractive for a up trend now with the 17c barrier being broken. With a high of 19c and a close of 17.5c.
Any T/A would be appreciated from a few of the more experienced chartist.
Thanks in advance.

 

[jancha]

My pick for the month: Anyone who has been following TNG would know that the Tivan testing has started and once completed the DFS will also be completed. Chart is looking more attractive for a up trend now with the 17c barrier being broken. With a high of 19c and a close of 17.5c.
Any T/A would be appreciated from a few of the more experienced chartist.
Thanks in advance.

Hmm Looks like I'm the only interested holder on TNG. Nice looking chart that I can see and judging by share movement the Tivan plant looks to be going along quite nicely. Market tends to let you know before hand if there's a problem.
2nd in the comp so far this month but I have a sneaky feeling I'll be on top by the end of the month. sp 20c and rising.