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I was asked to chart #TYM I think it looks very interesting. There is resistance above but it's showing bullish intent & the possibility of breaking out to the up. Charts & my ideas here https://x.com/SwazersC/status/1792114272425664688 https://www.tradingview.com/x/U0KHjsxn/
Here is my A.I.'s comprehensive report on #TYM https://x.com/SwazersC/status/1792300568288923776
## Comprehensive Report on Tertiary Minerals PLC (TYM)
### Technical Analysis
#### Chart Overview
The daily chart for Tertiary Minerals PLC (TYM) presents several key features and technical indicators:
1. Current Downtrend: The stock is in a long-term downtrend, evident from the descending trendline starting in 2022.
2. Bullish Break: Recently, the stock has shown a bullish break above a key resistance level, aiming to test the upper market structure.
3. Moving Averages:
- 21 EMA: 0.1050
- 50 EMA: 0.0963
- 100 EMA: 0.0970
- 200 EMA: 0.1055
These EMAs indicate that the stock is currently trading above most of its short-term moving averages, suggesting short-term bullish momentum.
4. Support and Resistance:
- Support: 0.0836
- Immediate Resistance: 0.1605
- Potential Resistance: 0.1985
#### Candlestick Patterns
- Bullish Engulfing: A recent bullish engulfing pattern signifies a potential reversal from the downtrend.
- Doji: Indicates indecision, often found at turning points.
#### Indicators
- Volume: A notable increase in trading volume, particularly around the bullish break, supports the strength of the move.
### Fundamental Analysis
#### Recent News
1. Environmental Project Brief (EPB) Approval:
- The Mupala Copper Project in Zambia has received EPB approval, allowing Tertiary Minerals to commence exploration activities. This has been a significant catalyst for the stock, leading to a 14% increase in share price following the announcement【6†source】【7†source】【8†source】.
2. Strategic Positioning:
- The Mupala and Mukai projects are strategically located in Zambia's Kabompo Dome region, a hotspot for copper and nickel deposits. The proximity to major operations like First Quantum Minerals' Sentinel mining complex adds to the project's attractiveness【9†source】【10†source】.
3. Community and Environmental Engagement:
- Tertiary Minerals has secured a letter of consent from the Sailunga Chiefdom, reflecting successful community engagement. This is crucial for the project's long-term viability and community relations【7†source】.
### Trading Strategy
#### Sentiment: Moderately Bullish 📈
Trade Recommendation:
- Entry Point: Buy at current levels around 0.1200 GBX, considering the recent bullish breakout and supportive volume.
- Target Prices:
- Short-term: 0.1605 GBX (immediate resistance)
- Long-term: 0.1985 GBX (potential resistance)
- Stop Loss: Place a stop loss at 0.1000 GBX to manage downside risk effectively.
### Conclusion
Tertiary Minerals PLC shows promise with recent positive developments in its Zambian projects. The technical indicators support a moderately bullish outlook, with key levels to watch for potential profit-taking. The fundamental backdrop, including regulatory approvals and strategic positioning, bolsters the l
I just dropped a video podcast with my ideas on how #TYM is moving https://x.com/SwazersC/status/1794323824592495039
With respect although I agree with your outcome Swazers (although the presentation on TYM focuses on caveats rather than where you think it’s going) … I think it’s … what the company announces and the results that will determine the direction of travel.
I get that you and others have faith in cup handles … candles and other names BUT it’s what the companies are doing that will fulfil or destroy the randomly drawn (usually) non parallel lines and channels that get drawn.
For me on my newly launched Ai tea leaf reading channel I focused on our mkt cap versus possible outcomes. As an Earl Grey result was input I saw the mid teens and into the 20’s and sooner than the wife could wash the cup. My burst Tea bag from Poundland own brand had us back at 8 while we looked at raising capital again.
#TYM is attempting to break higher as per my prediction & T.A. ideas. https://x.com/SwazersC/status/1795813968696463615 https://www.tradingview.com/x/dLL7kc8x/
Swazers interesting. What’s your thoughts on the chart if there is a breakthrough and it surpasses the 0.16-0.17 range. What the next test level?
Apologies just re-read, looks like 0.20. However, if it pings close to that and beyond it could have avery interesting trajectory upwards.