TRQ update KGI

trq feb 2014 ltrq feb 2014 s

TRQ should be a buy here. A four month long triangle probable defines the 4th wave of 5 of in a large A-B-C where C is roughly of equal size to A. At $3.20, coming from $29, makes for a nice low to complete this 3 year descent. We probable have already done a minor wave 1 up followed by a small wave 2 correction. Next should be a more powerful wave 3 up. Start with a little bit and add once the trend line is breached (about $4).  KGI, Kirkland Lake Gold is in a more or less similar position but not as well articulated as TRQ.