Posted On: 01/19/2014 3:21:04 PM
Post# of 2561
TRX Daily Chart ~ Up 26.63% for the Week
Similar to MUX and other junior mining stocks, TRX began to breakout as the television talking heads began to bad mouth the metals, lol. The chart setup couldn't have been more obvious for those following the stock. A multi month declining tops line, a triple bottom in the 1.60s, and the FullSto and MACDs gradually moving higher since early December. The divergence began last week as the stock moved higher. When the masses are poo-pooing an entire industry, it's always time to look at various stocks within that sector that have been hammered the hardest. I have no idea how far TRX and MUX might move, so if you are in these two, use the charts as a tool to help you trade. GLTA
Similar to MUX and other junior mining stocks, TRX began to breakout as the television talking heads began to bad mouth the metals, lol. The chart setup couldn't have been more obvious for those following the stock. A multi month declining tops line, a triple bottom in the 1.60s, and the FullSto and MACDs gradually moving higher since early December. The divergence began last week as the stock moved higher. When the masses are poo-pooing an entire industry, it's always time to look at various stocks within that sector that have been hammered the hardest. I have no idea how far TRX and MUX might move, so if you are in these two, use the charts as a tool to help you trade. GLTA
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