$MOD Resources potential break out trade
ASX listed MOD resources are developing a large copper project in in the Kalahari copper belt of Botswana in partnership with AIM listed Metal Tiger AIM.MTR
Chart has seen a long consolidation zone around the 6c mark with recent volume entering at the long term trend line, suggesting a break out is likely to occur in the near term. This aligns with potential resource expansion from the companies T3 copper project. Should volume continue to enter and break out to the top side of he triangle then the chart gives a target of $0.105.
Copper price in blue on chart has seen significant growth over the consolidation period and does not yet appear to have been priced in by the market
Chart has seen a long consolidation zone around the 6c mark with recent volume entering at the long term trend line, suggesting a break out is likely to occur in the near term. This aligns with potential resource expansion from the companies T3 copper project. Should volume continue to enter and break out to the top side of he triangle then the chart gives a target of $0.105.
Copper price in blue on chart has seen significant growth over the consolidation period and does not yet appear to have been priced in by the market
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