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SmarTrend's Candlestick Scanner Detects Bullish Inside Day Pattern for TRE

Discussion in 'Biashara, Uchumi na Ujasiriamali' started by Invisible, Dec 22, 2009.

  1. Invisible

    Invisible Admin Staff Member

    Dec 22, 2009
    Joined: Feb 11, 2006
    Messages: 9,098
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    SmarTrend's candlestick pattern scanner detected a bullish inside day candle pattern for shares of Tanzanian Royalty Exploration (AMEX:TRE). Yesterday's price range of 3.02 and 3.13 is within the previous day's price range.

    This trading action often signifies indecision by bulls and bears to drive prices higher or lower and often implies a possible change in trend.

    Traders and investors interested in shares of Tanzanian Royalty Exploration may want to consider an appropriate entry level in the event a reversal to the upside transpires. It is important to look for confirmation.

    SmarTrend issued an Uptrend alert on shares of Tanzanian Royalty Exploration on November 11, 2009 at $3.73 per share (16.9% retracement since that call). This bullish candle pattern may point to a continuation of the previously called Uptrend.

  2. Semilong

    Semilong JF-Expert Member

    Dec 22, 2009
    Joined: Mar 5, 2009
    Messages: 1,698
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    kuna kampuni kibao zinafanya xploration TZ na zinauza shares zao, sijui sisi tunapata nini