RE:RE:from the CC....ruffus23,
The technical setup on the Teranga chart is as follows. It has been a 3 gap play where two gaps have already been filled. There is a third gap at $1.80 USD that wants to get filled, and there is a high volume low at the bottom of the trading range that could get tested, and in all probability, will get tested.
The bullish scenario is the stock gets to $1.80 and refuses to go lower, in which case $1.80 would be the new bottom of the trading range. The bearish (and more probable) case is that the stock tests $1.34 USD, and if it does so on lighter volume, then it is a buy. If you are a long term bull, this is a good time to start thinking about scaling back in. I posted the following chart on November 11, 2016.
