Timmins Gold Corp T.TMM

Most Disappointing Gold Stock Past Two Weeks

[HonestAbe]

Among gold miners TMM must have been one of the worst performing gold stocks since reaching its peak on Feb 18.  For comparison, GDX index hit a high 26.60 on Feb 18 and so far on Mar 5 the high is 26.50 for about -0.5%.  TMM hit 1.80 high Feb 18 and high today is 1.59 or about -11.5%.

Chart indicates it could still morph into a bullish cup and handle pattern assuming price can hold above 1.50 right now and begin to move up near term back towards 1.75-1.80 in order to form the "handle" part of that pattern.  But it better start doing so very soon otherwise any break below 1.50 on volume and that is company specific rather than macro.

[johnthilgesya]

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[strikezone]

This truely is dissapointing, this once again hangs on BB, his discision making has no path, every blunder that clobbers this stock leads directly back to him, his timing is the poorest i have ever seen, maybe a replacement would kickstart this beast again.

[redlakegold2]

Dont see the inverse head and shoulders? its a perfect pattern. I dont see a cup and handle here. Neckline at around 1.75, right shoulder looks like its being retested, but still a perfect formation. Either gunna drop to 1.40 and  rebound, or the stock should see a breakout in the next week.

[sonofcroy]

i see both and a fork and spoon too

[sonofcroy]

its going up for sure very soon