Good Bad or UGLY ????How do we sum up yesterdays trading ???? from a TA perspective???
GOOD !!
TUD was at aproximately $3.40 when we opened and AMK pushed that 39 R, that in my books was bullish and to TA... we could have opened a lot lower.. so 385 I will take it.... Now the next few days will tell us plenty.... I welcome any pull we get..... ADD "the perfect Storm and we likely are pushing 50million oz... will I be ok holding this LONG in my TFSA ???? you bet and I confirm to the board I havent sold a share for a very long time in that acct.. my longs are do or die... boom or bust... free shares waiting for a buyout over a buck..patient money I will take over any bond or gic....
BAD
I truly thought TUD would test no less than $3.90... So how do we feel about the future here??? I feel good but the action wasn't solid enough to make me feel like the market grasped what we have here... so do we get pulled down again waiting for the next catalyst ?? good chance we may... as hard as it is to believe..
The UGLY
being at the mercy now of the MM waiting for the next catalyst that drives us higher.... there are many catalyst but we may not see them for a while so we trade the TA again until we see a reason to change it...
we need a solid price target on TUD... drill news for the Perfect Storm and a rally in gold .. thats all....
Long on AMK..