Sunday, September 8, 2013

Trulan Resources

Trulan (TRLR) is a Nevada based exploration and mining development company with a focus on Gold, Silver, and Platinum Group Metals (PGM) projects in North and South America.

TRLR and its management team have evaluated several highly prospective properties that have shown excellent promise for the establishment of near term mining operations, in addition to highly anticipated exploration potential.

The TRLR team is committed to the acquisition of properties that have previously undergone significant exploration and work programs, and where a comprehensive data package exists.

In order to maximize shareholder value, TRLR's mission is the development of properties whose potential is considered to be extensive, with minimal infrastructure and operational costs, and that can be advanced in an environmentally responsible manner.

Trulan Resources, Inc (TRLR) has been consolidating for the past month, and just a few days ago looks as though it found a bottom before bouncing back to higher levels.

Check out the chart below. You can see the recent sell off followed by the bounce in the past few days. Now, technically speaking, TRLR could bounce back to the upper range of the channel (which also happens to be the 50 dma) at around $0.01 - this would represent a 32% gain.

As you can also see, TRLR gave traders a multi-week bounce from oversold lows back in May. It climbed roughly 275% from these lows.




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