TRY 0.00% 11.0¢ troy resources limited

Technical Analysis

  1. 93 Posts.
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    What's going on with TRY?

    Let's turn to the charts to find out.

    Here is a weekly chart. Note the upper and lower BLUE trend lines which are about to intersect. The horizontal line at 8.2 cents is the support.

    https://hotcopper.com.au/data/attachments/1665/1665426-435e5635e29c9f5e375a72cd643ba676.jpg


    Lets look at a daily chart. Take note of the upper BLACK trend line (a bit lower than the upper blue line). It has just been broken recently and note that the price retreats to meet that trend line.
    So what's next? In my opinion (and I have been wrong before, so this is not investment advice), the price will break the upper blue trend line and then retreat a bit to re-visit it.

    The numbers and letters show Elliot Wave analysis of what is happening.

    https://hotcopper.com.au/data/attachments/1665/1665447-d51125e5fc244116ef5ae6d452103634.jpg

    Note: this is not investment advice.







 
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