TRADING OPPORTUNITIES

[Bin59]

Hi @BEISHA thanks for your posts & commentary (especially on PLS ) - luckily a bit after the the start of the downturn I sold some to pay the next couple of months’ expenses while waiting for the inevitable turnaround. I bought mostly in the mid teens to low twenties so am a happy long term holder waiting for the divies this year & plan on doing the same with AVZ. I see from your graphs the worm has started to turn so good luck with your dip into PLS

With my SPX (ex CRO) holding, I bought @ 6c then added at .009 … things don’t happen overnight do they - Adrian said in the early days he wanted to build a portfolio stock so I was prepared to give it some time. As I like the product and it’s future prospects in a digital world I’ll hold there for the long term as well (with maybe a few trades along the way).

Looking forward to 2023 being a good year

 

[DiscoDanNZ]

@BEISHA LRS on a nice tear upwards, what do the tea leafs say?

 

[CashKing]

@BEISHA LRS on a nice tear upwards, what do the tea leafs say?

Finally a couple of good days, let’s hope it continues hey.

 

[DiscoDanNZ]

Finally a couple of good days, let’s hope it continues hey.

Must have something to do with this... I'd be happy with 22c

 

[CashKing]

Must have something to do with this... I'd be happy with 22c

Possibly mate, they may have got hold of some of the drill samples about to come in or something let’s hope it pays off a bit while we wait around. Hey how’s your trip to WA going mate all good ?

 

[CHB]

Damn sold my LRS at a loss.

 

[DiscoDanNZ]

Possibly mate, they may have got hold of some of the drill samples about to come in or something let’s hope it pays off a bit while we wait around. Hey how’s your trip to WA going mate all good ?

Yeah it's good, seeing the bright lights of Augusta at the moment, wish I'd spent more than one night in Albany now and one less night in Augusta

 

[BEISHA]

@BEISHA LRS on a nice tear upwards, what do the tea leafs say?

Possibly mate, they may have got hold of some of the drill samples about to come in or something let’s hope it pays off a bit while we wait around. Hey how’s your trip to WA going mate all good ?

DAILY CHART LRS


Things are looking up brothers!

Nice move off support @ 8.9, cut thru strong resistance at 10 & 11 like butter and getting back to the long term trend line, but now, has to contend with strong resistance at 12 - 13.5...

HOURLY CHART LRS

By my calculations, 5 waves are complete on the hourly chart, RSI 14 is 86 which is high, so i feel minor sub wave 2 down might be coming next, before the next leg up........imo


Getting back to the daily chart, what i particularly like about it, is once ( 13.5 / 14.5 ) resistance lines are broken ( blue lines ), then its a easy passage to 18, which in itself is only minor resistance, so good coin can be earnt once those lines are broken.

Anyway, thats my tea leaves for now.


cheers

 

[ptlas]

Hi all and Happy New Year

I know nothing of the fundamentals of this one, was just looking at some old scans:

Weekly: Divergences arrowed. Supertrend still bearish.

H-A three consecutive weekly reds

Daily: Supertrend already bullish.

Divergences arrowed.

Note recent high volume over a 'quiet' time of year, rounded bottom and we all love one of them.
Big close Friday with small upper wick on volume. And we all love one of them-maybe


H-A two daily reds in last 4 weeks

Not advice, but a good entry would be when weekly supertrend is bullish (blue).

FYI I know diddly about fundamentals.

DYOR

Hope it helps

 

[ptlas]

Apologies had CZR post removed
Incorrect

 

[ptlas]

BTW

If anyone wants an excellent round up of all things macro and with a local bias, then have a look at redbacka.

He posts maybe twice a week on XJO thread of the crapper.

Easy to follow, just look at the pictures.

 

[BEISHA]

Hi all and Happy New Year

I know nothing of the fundamentals of this one, was just looking at some old scans:

Weekly: Divergences arrowed. Supertrend still bearish.

H-A three consecutive weekly reds



View attachment 26507



Daily: Supertrend already bullish.

Divergences arrowed.

Note recent high volume over a 'quiet' time of year, rounded bottom and we all love one of them.
Big close Friday with small upper wick on volume. And we all love one of them-maybe


H-A two daily reds in last 4 weeks

Not advice, but a good entry would be when weekly supertrend is bullish (blue).

FYI I know diddly about fundamentals.

DYOR

Hope it helps


View attachment 26508

RXL is a gold explorer, with around 3m oz indicated / inferred.

Its probably in that ORPHAN period of a mining cycle

Management are life stylers...........not pro active.

TA wise , clear break to the upside but possibly just correcting with the bullish POG..........unlikely FA driven

I used to be a holder a few years back, went thru a 1: 5 consolidation.

I know there are traders that are just guided by TA, but for me, i like to trade knowing the coy has a decent FA behind them, RXL, average at best.


Whilst i am here, a quick glance at the lithium players that i have been covering the last week or 2.

AKE

AKE looks to have found support at the 78 fib .....main wave 2 down looks done

A break of the 61 fib resistance / 21 ema will confirm main wave 3 up and BUY sentiment

MACD crossover is in earnest.

RSI 14 bearish trend is broken.

There might be a minor correction as it navigates past the 61 fib, so dont go in hard, and dont forget to place a SL @ 1080 just under support to protect capital in case this is a fake out.

Current sentiment................ACCUMULATE.


PLS

Pretty much a carbon copy of AKE chart but main wave 2 down didnt go as low as the 78 fib.

All indicators look bullish.

SP needs to break the 38 fib resistance / 21 ema to confirm the swing up and BUY sentiment.

Current sentiment.......ACCUMULATE.

SL should be placed at 352 ( yellow horizontal line )


LTR

Once again , carbon copy of AKE / PLS.

Indicators bullish.

A break of the 50 fib resistance / 21 ema would confirm the swing up and BUY sentiment.

Current sentiment ..........ACCUMULATE

SL placement ............125.


Updated charts for GLN, ASN, CRR all showing the same trend and you can find them under their TICKER code


Lithium sector on the move again................AVZ fucking stuck in the mud !!!

 

[ptlas]

Our old mates LTR


Daily:

Hmmm

Fall on big volume is over.
Indicators turning up, lots of daily green lately.

Weekly:

Supertrend miles from being bullish.
Low volume green candles.
MACD & RSI meandering in the red.
Ranging

A lost orphan?

 

[ptlas]

RXL is a gold explorer, with around 3m oz indicated / inferred.

Its probably in that ORPHAN period of a mining cycle

Management are life stylers...........not pro active.

TA wise , clear break to the upside but possibly just correcting with the bullish POG..........unlikely FA driven

I used to be a holder a few years back, went thru a 1: 5 consolidation.

I know there are traders that are just guided by TA, but for me, i like to trade knowing the coy has a decent FA behind them, RXL, average at best.


imo

Thanks mate, figured as much with just reading a few HC posts.
It's amazing the sixth sense that experience gives you.


Will just post charts here, and only comment on FA if I am following it.

 

[ptlas]

ASN

Weekly:

Rapidly becoming bullish.

Up ticking indicators arrowed.

A cross of RSI 7 up through OB followed by a cross to bullish supertrend is often a harbinger of good.
Former has occurred, latter was almost achieved today

Daily:

Divergences arrowed including the all important MACD-L

RSI 7 and supertrend have already done their thing.
RSI arrowed.

H-A very green.

Await weekly ST cross.

First target would be horizontal resistance at 27.5c but could let it run if weekly ST remained bullish.

DYOR

 

[ptlas]

AEI

Weekly:

Strong chart, courtesy of multiple ongoing divergences.

Daily:

Same, same.

Only thing missing is volume, but that may be about to change.

Both supertrends are bullish

Watch.

DYOR

 

[ptlas]

Tonight's interest

ADN

Weekly:

I'm not convinced by either chart, but ADN is one to watch.

Just to highlight how wrong divergences can go, like any trading you need to jump fast when things go against you.
Multiple divergences were noted 14 months ago, since when ADN is down 80%. Be careful

However, the same weekly scenario is now piquing my interest

Daily:

Not technically divergences arrowed as both indicators and price are making higher lows, but still a good sign.
Volume is rubbish.

Both ST have crossed.

I get my ideas from a variety of sources, most of this week's published charts are from top rated posts on the crapper. One needs to be discerning and I generally like to see intelligent well argued posts there as well, not just ramping that gets the crowd excited.

I'm using RSI 7 as that dovetails well with supertrend as noted yesterday, but be aware that it is not RSI 14 or 10.
However, divergences are almost identical so it has the added bonus of two uses, ST and divergences.

 

[CashKing]

Hey @BEISHA any chance if your not to chipped up from disco Dan’s night out you could flick together something for LRS, Looks interesting and a flood a announcements to hit, I’m in 2 minds to take my money back or let her run, it does looks promising but that might be the beers , also CXO if you have time, no pressure mate. Whenever you can be fucked if you can be fucked…

 

[BEISHA]

Tonight's interest

ADN

Weekly:

View attachment 26690


I'm not convinced by either chart, but ADN is one to watch.

Just to highlight how wrong divergences can go, like any trading you need to jump fast when things go against you.
Multiple divergences were noted 14 months ago, since when ADN is down 80%. Be careful

However, the same weekly scenario is now piquing my interest

Daily:

View attachment 26691


Not technically divergences arrowed as both indicators and price are making higher lows, but still a good sign.
Volume is rubbish.

Both ST have crossed.

I get my ideas from a variety of sources, most of this week's published charts are from top rated posts on the crapper. One needs to be discerning and I generally like to see intelligent well argued posts there as well, not just ramping that gets the crowd excited.

I'm using RSI 7 as that dovetails well with supertrend as noted yesterday, but be aware that it is not RSI 14 or 10.
However, divergences are almost identical so it has the added bonus of two uses, ST and divergences.

Love your work mate, nice to have another chartist on board to collaborate with, i think so far, you and i concur on most things so far.

 

[DiscoDanNZ]

This just tweeted from LRS yet no ASX announcement? Also curious if this is a good result as everything always looks rubbish compared to AVZ.



@Cashcity