TRQ Turquoise Hill Next waveMany news are coming out regarding Rio Tinto and TRQ . I can copy and paste any of the news out there. But it will not help us to find which is the next lower price since it's bull wave last year. I think, most of the news will push the price down. In result, retail investors will take loss while big player taking profits and re-enter this stock after a while. I see 45$ per stock in the future. But we need a hell of a down wave in the first place...
TRQ
Copper - Just the BeginningCopper futures broke out of their wedge this week, with per tonne prices breaking the $10,000 milestone. Names such as Freeport-McMoran (FCX) are benefitting from this, while TRQ is on discount due to. setback in their mining process. Despite Fed tapering, copper is strong, surprisingly. I believe that now is the time to get in "The New Oil", as stated by Goldman Sachs, who gives the commodity a 50% upside before 2025. If copper moving 10% has resulted in Freeport going from $30 to $39, think of what will happen if Goldman and the rest of the Street is right...
Thesis:
Goldman Sachs recently published a note declaring copper "the new oil," and forecasting it could reach $15,000 (50% inc.) by 2025 as the world transitions to clean energy.
As the movement to sustainability/clean energy progresses, the exponential increase in demand for copper will outrun supply due to slow mine creation, centralized property rights.
Although it may take a few years and experience some drawdown, depleted inventories and a demand spike will likely cause the price to rise significantly over the next decade, with Bank of America suggesting a possible 100% increase to $20,000 per metric ton by 2025.
Overall sentiment on the Street is extremely bullish in the mid-to-long-term.
WATCHING $TRQ for ENTRY TARGET @ 14.86WATCHING $TRQ for ENTRY TARGET @ 14.86
I'm actually updating my entry target here... I just published one that was a little higher but this is the most recent analysis.
TRQThis is weekly chart. Considering how well Dr. Copper ran lately and how Gold is about to break out this chart looks great. Easy $9 up potential in a short term and if we get Golden cross and Gold and Copper prices reaching new ATH previous $290 range is very realistic possibility. I would buy this one if I had any $$$ left. I am all in already. Good luck
Light start to shine. Looking to long
Anti-trend trade.
With the hype of silver, copper and gold, Looking bullish to me.
TRQ Analysis Needs to break above .85 to see higher highs, in the short term. Above this level could see .89, .94, and even a gap fill. However, Rio Tinto, the majority stakeholder in the Turquoise Hill, has had terrible news this year and even a CEO that recently stepped down, which is something to be wary. However, TRQ is seeking funding from RIO and if granted, this could save the company $1.4b in funding, which is why I'm keeping an eye on it.
TRQ DailyHit my scanner this morning. PM volume was way up, has been in an uptrend since the 9EMA and 21EMA crossed over the 200MA.
Looking for entry. Excited about this chart.
FCX timing and rhythm - Is it copper time? here's something im sure we've all been watching.. looks pretty flaggy. IF the trade stuff is settling out, and markets general attitude stays upbeat. I think this looks real nice.
Of course this has a lot of strings attached.
good luck!
TRQ - nasty correction could be done or almost completeWXYXZ correction shows to have some violent price action. The price action could be putting in a double bottom formation, but could also dip down further. This could be a good one to watch as if the correction is complete then we can expect some fast impulses up.
TRQ - Long at the break of $3.05TRQ seems building some upward momentum. It crossed above EMA lines and Moneyflow is building up.
If it can break above $3.05 it will have a good run up to 3.23 & higher.
You can check our detailed analysis on TRQ in the trading room/ Executive summary link here-
www.screencast.com
Time Span: 24:40"
Trade Status: Pending
