TANZANIAN ROYALTY traders update...

originally published Tuesday, January 29, 2019

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Tanzanian Royalty has gone up like a rocket since it was recommended on the site on the 20th, rising by 72% and, needless to say, it is now getting extremely overbought and due to stop to consolidate or react back some soon. Thus, if it should open up again today, it is thought prudent to take some money off the table here, say 50% of a holding and, in addition, if we should see very heavy turnover today, that is to say heading in the direction of 1.5 - 2 million shares traded, it will be a sign of short-term exhaustion, and also a signal to take partial profits, with the aim of buying back on a reaction. Longer-term the outlook for the company is excellent so investors may simply elect to ride out any correction.


Tanzanian Royalty TRX, TNX.TSX, closed at $0.57, C$0.76 on 28th January.


Posted at 8.45 am EST on 29th January 19.

The above represents the opinion and analysis of Mr Maund, based on data available to him, at the time of writing. Mr. Maund's opinions are his own, and are not a recommendation or an offer to buy or sell securities. Mr. Maund is an independent analyst who receives no compensation of any kind from any groups, individuals or corporations mentioned in his reports. As trading and investing in any financial markets may involve serious risk of loss, Mr. Maund recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction and do your own due diligence and research when making any kind of a transaction with financial ramifications. Although a qualified and experienced stockmarket analyst, Clive Maund is not a Registered Securities Advisor. Therefore Mr. Maund's opinions on the market and stocks can only be construed as a solicitation to buy and sell securities when they are subject to the prior approval and endorsement of a Registered Securities Advisor operating in accordance with the appropriate regulations in your area of jurisdiction.