TRQ Analysis

14 בספט׳ 2020

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.