TRX (Tanzanian Royalty Exploration Corp) has hit the first profit target (T1 at 2.03) with the charts remaining constructive at this time, especially for a longer-term trade. As TRX, along with most other individual gold & silver mining stocks were suggested as scale-in trades, stops should be determined based on one’s own unique cost basis, risk tolerance, trading style and of course, preferred profit target(s). As with most other mining stock trades at this time, additional targets may be added to this trade, depending on how the charts develop over the next few weeks to months.
Click here for the live daily chart of TRX or here for the live weekly chart of TRX (showing a likely long-term swing target)
