Loading ...Trilogy Metals AKA Novacopper
Canadian copper miner. $225M market cap. We see a cup and handle reversal on the TMQ:$NDX ratio chart. TMQ is up 55% for 2018, including this month’s drawdown. No position but added to my watchlist for a buy the dip trade. – Harry
Harry, thanks for your charts as I have owned TMQ since it was spun out of Nova Gold. I have added to my position and sold my Nova Gold position. This is long term investment but I believe is will be a winner if one will hold it long term which I intend to do. I have not looked at it the way you are comparing to a Nasdaq ratio. Very interesting comparison.
Thanks JSK. Another interesting way to look at the numbers: Imagine if the ratio retests its all time high of 0.0018 (back in April 2012). The Nasdaq 100 is around 6,500 now. Multiply that by the 0.0018 all time high TMQ:NDX ratio and you get a potential price target of 11.70 on TMQ if the ratio goes back to all time highs, and the NDX stays at 6,500. That’s a 6.9 bagger from current prices! Potential is there for a long term winner!