On the 14-month chart we can see that it has arrived hesitantly at a resistance level in an overbought state…
And on the 3-year chart we can see that this is an important resistance level…
The action of recent days suggests that it is likely to stall out here and consolidate for a while and very possible react back some. It is therefore considered prudent TO SELL AT LEAST HALF OF ANY POSITION HERE AND AWAIT DEVELOPMENTS. We are up on this again after our latest purchase at a good point. We can buy it back if it reacts back sufficiently. In the meantime the freed funds don’t need to lie around doing nothing, they can be redeployed into Nexus Gold, whose huge record volume yesterday after our article suggests that it is building towards a breakout, that could happen quite soon.
Tanzanian Royalty website
Tanzanian Royalty Exploration Corporation, TRX, TNX.TSX, closed at $0.66, C$0.87 on 14th February 19.
Posted at 9.20 am EST on 15th February 19.