$TLG - TALGA RESOURCES - Short term play?

6 Nis 2019

TLG - TALGA RESOURCES - Short term play?

I like the idea of the company - a vertical graphite miner AND a battery developer with some good tech results.

Has some good market depth on the buy side and if it goes up on Monday you would think there is at least 10% in a short term upside play. It's in a pretty strong area of resistance so might not run for long if it does. Keep your stops close, but I do like what they are doing.

About Talga Resources

Talga Resources Ltd is an advanced materials technology company enabling stronger, lighter and more functional graphene and graphite enhanced products for the multi-billion dollar global battery, coatings, construction and composites markets. Talga has significant commercial advantages owing to its vertically integrated high grade Swedish graphite deposits and in-house process to product technology. Company website: talgaresources.com

Disclaimer

I am guessing and the market lies.

7 Eki 2019

Not

Talga went the wrong way so didn't take the trade. Back at an interesting area again.

Stock has broken back up above its 100 day MA, as well as through the top BB and out of the 90 day trading range. 30% plus upside if it gets back to its older levels.

Worth a watch.

12 Kas 2019

Not

Nice 15% gain on its way back to resistance