Long
Todd River Bullish
Todd River Resources (ASX:TRT) is an Australian-based resources company that holds base and precious metal projects covering over 7,500 sq. km. of highly prospective geology in Western Australia and the Northern Territory.
2 potential scenarios.
Bullish:
- Short term Double Bottom
- Testing short term downtrend resistance
- MACD turning Bullish, anticipated cross
- RSI broken above the 50.00
- Daily close above MA 20
Looking for retest of Previous High and if it is to break I have identified higher levels with Trend Based Fib Extension.
Ongoing drilling programs and results pending.
Bearish:
If price fails short term downtrend resistance it most likely will retest Daily Support. If it cannot rally again I am looking for levels of Former Support and Longterm Uptrend.
NOTE: Potential Descending Triangle pattern forming highlighted in yellow.
"DISCLAIMER: NO ADVICE. The information presented here is general in nature and is for education purposes only. Nothing should be considered to be advice. You should consult with an appropriate professional for specific advice tailored to your situation."
2 potential scenarios.
Bullish:
- Short term Double Bottom
- Testing short term downtrend resistance
- MACD turning Bullish, anticipated cross
- RSI broken above the 50.00
- Daily close above MA 20
Looking for retest of Previous High and if it is to break I have identified higher levels with Trend Based Fib Extension.
Ongoing drilling programs and results pending.
Bearish:
If price fails short term downtrend resistance it most likely will retest Daily Support. If it cannot rally again I am looking for levels of Former Support and Longterm Uptrend.
NOTE: Potential Descending Triangle pattern forming highlighted in yellow.
"DISCLAIMER: NO ADVICE. The information presented here is general in nature and is for education purposes only. Nothing should be considered to be advice. You should consult with an appropriate professional for specific advice tailored to your situation."
Disclaimer
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