TRADING OPPORTUNITIES
- Thread starter BEISHA
- Start date
DiscoDanNZ
Regular
@BEISHA I would be curious about your thoughts on DRE, has an almost clockwork rise pattern of going from around 9c to 11.5c and back again. It has a great newsflow of positive assays and a very active exploration program and a pro-active director.
Can you also share the link for the charting video? The Mrs was pretty interested in it and I'm kind of tempted to give her a go on something like DRE, her honours economics degree might give her a better chance on the stonks than my simple gambling strategy
Can you also share the link for the charting video? The Mrs was pretty interested in it and I'm kind of tempted to give her a go on something like DRE, her honours economics degree might give her a better chance on the stonks than my simple gambling strategy
Hey @BEISHA any chance if your not to chipped up from discoDan’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…
LRS looks pretty good technically, just forces holding SP from breaking the 12.5 resistance line atm ( 6 touches )
Worst case , a push back to 11/ 10.5, best case , it could be laying the foundations for minor sub wave 5 up.
If its the latter, will probably need good news to do so.
Your call whether to sell or hold.
Its a HOLD for me.
CXO
Has minor sub wave 4 down finished ?
Not sure, could drop to 104 support.
If 120 resistance breaks to the upside, then we could be witnessing minor sub wave 5 up developing.
50/50 call.
SENTIMENT.............HOLD
imo
DRE@BEISHA I would be curious about your thoughts on DRE, has an almost clockwork rise pattern of going from around 9c to 11.5c and back again. It has a great newsflow of positive assays and a very active exploration program and a pro-active director.
Can you also share the link for the charting video? The Mrs was pretty interested in it and I'm kind of tempted to give her a go on something like DRE, her honours economics degree might give her a better chance on the stonks than my simple gambling strategy
Technically DRE is looking good.
Trend is your friend .
Good support @ 8.7
RSI 14 trend is good.
MACD cross is positive.
SP is above the 4 , 8 & 21 ema
DRE needs to break the 10.5/11c wall to confirm the trend change.
Possibly needs strong news to do so.........
imo
CashKing
Regular
Thanks legend
RNU
RNU has a great bounce from the 20 low, with minor sub wave 4 down still playing out.
On the law of averages, wave 4 downs tend to reverse from the 38 fib , which is where it is now.....or it could go as low as the height of minor sub wave 1 up ( purple horizontal line )
Next week will reveal more.
SENTIMENT.......HOLD
RNU has a great bounce from the 20 low, with minor sub wave 4 down still playing out.
On the law of averages, wave 4 downs tend to reverse from the 38 fib , which is where it is now.....or it could go as low as the height of minor sub wave 1 up ( purple horizontal line )
Next week will reveal more.
SENTIMENT.......HOLD
LTR
LTR has moved up well from the 119 low, however, by my wave count , 5 waves have been complete, with SP hitting strong resistance at 160 and producing a bearish shooting star candle ( blue bubble )
The law of probability is that minor sub wave 2 down might be evolving next.
If i am right, SP should find a base around 140 support..
Next week will reveal more.
SENTIMENT..................HOLD ( do not top up ).
LTR has moved up well from the 119 low, however, by my wave count , 5 waves have been complete, with SP hitting strong resistance at 160 and producing a bearish shooting star candle ( blue bubble )
The law of probability is that minor sub wave 2 down might be evolving next.
If i am right, SP should find a base around 140 support..
Next week will reveal more.
SENTIMENT..................HOLD ( do not top up ).
Hi All
The week that was................quick update .
PLS
Minor sub wave hit the 1.618 fib target, faked out and hit the top of the resistance zone and then a bearish red engulfing candle followed suit ( yellow arrow ), indicating strongly that minor sub wave 4 down is now in play.
RSI 14 indicator is telling us the ole story " Trend is your friend........until it bends ".
If i was to hazard a guess where minor sub wave hits and reverses, the .786 fib support ( 446 ) looks the likely bet.
Sentiment..........SELL ( TA wise )
DISCLOSURE ..............I sold out at 5.05, made a nice 30% profit, will re enter the stock when sub wave 4 down is complete.
imo
LTR
LTR is currently on minor sub wave 3 up, with a 1.618 target of 194, all indicators looking bullish, just be a little bit cautious tho , cause that red bubble indicated bears rejected any further advance past that strong 168 resistance line , so a minor retrace could be on , after all, an advance from 128 - 168 represents a 30% bullish movement, so profit taking may be on the cards.
The hourly chart indicates 5 waves complete, with divergence happening on the RSI 14.
Sentiment..........Part sell / hold
Disclosure...........I hold ( bought at 1.32 ), sold 50% at 1.63.
LRS
Looks to me like LRS is in the final phase of a ABC correction, just a matter of where it finishes, 11.5 or 10.5 support line ?
LRS will need decent news to break that 13 / 13.5 resistance wall.
Sentiment..............HOLD
DISCLOSURE...........I HOLD
imo
AKE
AKE is on minor sub wave 3 up with a 1.618 target of 1517.61 ) but it may have found a bit of a road block at 1392 resistance ( red bubble ), there could be a minor retracement on the cards.
RSI 14 indicator has hit over bought 70 and looks to have flat lined ....
Hourly chart tells the story.
Lower lows / highs developing.
MACD.......green line has breached the red signal line to the downside.
Bearish
SENTIMENT.............HOLD / PART SELL
DISCLOSURE..........I DONT HOLD.
RNU
In my last post for RNU, i mentioned that minor sub wave 4 down could go as low as the height of minor sub wave 1 up, well as you can see, it came within a bees dick of doing that, now it appears minor sub wave 5 up is now on its way, i have a 1.618 target of 37.41 for that movement.
All indicators look bullish
Sentiment..............BUY ( with a SL just under minor sub wave 4 down )
DISCLOSURE.........I DONT HOLD
IXR ( @Frank )
I know there are a few posters that hold IXR.
IXR looks primed for the next leg up ( sub wave 3 up ) , i have a 1.618 target of 5.46
I probably would wait to BUY / TOP UP , until 38 fib resistance ( 3.95 ) is broken to the upside , indicators look neutral atm, SP is not above the 4, 8 , 21 emas enuff for me either.
Sentiment .........HOLD
DISCLOSURE.........I DONT HOLD
imo
The week that was................quick update .
PLS
Minor sub wave hit the 1.618 fib target, faked out and hit the top of the resistance zone and then a bearish red engulfing candle followed suit ( yellow arrow ), indicating strongly that minor sub wave 4 down is now in play.
RSI 14 indicator is telling us the ole story " Trend is your friend........until it bends ".
If i was to hazard a guess where minor sub wave hits and reverses, the .786 fib support ( 446 ) looks the likely bet.
Sentiment..........SELL ( TA wise )
DISCLOSURE ..............I sold out at 5.05, made a nice 30% profit, will re enter the stock when sub wave 4 down is complete.
imo
LTR
LTR is currently on minor sub wave 3 up, with a 1.618 target of 194, all indicators looking bullish, just be a little bit cautious tho , cause that red bubble indicated bears rejected any further advance past that strong 168 resistance line , so a minor retrace could be on , after all, an advance from 128 - 168 represents a 30% bullish movement, so profit taking may be on the cards.
The hourly chart indicates 5 waves complete, with divergence happening on the RSI 14.
Sentiment..........Part sell / hold
Disclosure...........I hold ( bought at 1.32 ), sold 50% at 1.63.
LRS
Looks to me like LRS is in the final phase of a ABC correction, just a matter of where it finishes, 11.5 or 10.5 support line ?
LRS will need decent news to break that 13 / 13.5 resistance wall.
Sentiment..............HOLD
DISCLOSURE...........I HOLD
imo
AKE
AKE is on minor sub wave 3 up with a 1.618 target of 1517.61 ) but it may have found a bit of a road block at 1392 resistance ( red bubble ), there could be a minor retracement on the cards.
RSI 14 indicator has hit over bought 70 and looks to have flat lined ....
Hourly chart tells the story.
Lower lows / highs developing.
MACD.......green line has breached the red signal line to the downside.
Bearish
SENTIMENT.............HOLD / PART SELL
DISCLOSURE..........I DONT HOLD.
RNU
In my last post for RNU, i mentioned that minor sub wave 4 down could go as low as the height of minor sub wave 1 up, well as you can see, it came within a bees dick of doing that, now it appears minor sub wave 5 up is now on its way, i have a 1.618 target of 37.41 for that movement.
All indicators look bullish
Sentiment..............BUY ( with a SL just under minor sub wave 4 down )
DISCLOSURE.........I DONT HOLD
IXR ( @Frank )
I know there are a few posters that hold IXR.
IXR looks primed for the next leg up ( sub wave 3 up ) , i have a 1.618 target of 5.46
I probably would wait to BUY / TOP UP , until 38 fib resistance ( 3.95 ) is broken to the upside , indicators look neutral atm, SP is not above the 4, 8 , 21 emas enuff for me either.
Sentiment .........HOLD
DISCLOSURE.........I DONT HOLD
imo
CashKing
Regular
Thx Mate
I’m on CXO also still have my LRS and yep that painful 13 / 13.5 is annoying me as much as green lady
GLTA
Thx Mate
I’m on CXO also still have my LRS and yep that painful 13 / 13.5 is annoying me as much as green lady
GLTA
Sorry cashy, always seem to forget about CXO.
Chart looks very bullish my man........got a 1.618 fib target of 1.55 for minor sub wave 3 up.
Whats the latest FA on that ?
Nearing production ?
Might look into trading that one too.
imo
CashKing
Regular
Thx bud and NP , Yeah i grabbed some more at $1 after Goldman Sucks called it a sell at $1 so it went just under that while they gobbled up around that price IMO, Criminals huh.
Yep pretty much as A shipment of 15,000dmt of DSO, with an average grade of 1.4% Li2O sold for US$951/dmt
The crushing and screening plant was commissioned in November and successfully crushed first ore from Finniss resulting in a maiden DSO shipment3 . Construction of the final component of the Finniss Project flowsheet, the DMS plant, progressed well during the quarter on both day and night shifts. Once construction is completed, scheduled Q1 CY23, commissioning activities commence.
A five-year operations and maintenance contract for the DMS plant was awarded to Primero.
Further 2022 exploration results will be provided in 2023 as they become available.
Ended the quarter with $125 million in cash, which does not include proceeds from the sale of DSO which were received in the subsequent quarter.
Cheers Mate..
Hi All
Trading update.
PLS
PLS is currently under going a minor sub wave 4 down correction, i reckon A & B are done, just a matter where C ultimately finishes.
Both the MACD & RSI 14 have bearish under tones.
a) MACD..........green line looking like its going to dive below the red line
b) RSI 14 has broken trend.
Cant rule out SP dropping to either the 50 or 61 fib support lines.
Conversely, if SP clear breaks the strong 23 fib resistance ( 488 ) .............game on.
SENTIMENT: HOLD
Disclosure...........I dont hold, looking for re entry
AKE
Like PLS, AKE is going thru a minor sub wave 4 down correction too, just a matter where the C wave finishes, will it be the 23 fib support ( 1238 ) or 1190 ?
All indicators looking bearish atm
SENTIMENT: HOLD
Disclosure...........I dont hold.
LTR
LTR is in the early phase of minor sub wave 3 up, going thru a corrective phase like all the other lithium players, could the SP find a base around the 23 fib support line, which would coincide with the bottom of the trend channel ?
Next week will reveal more.
SENTIMENT: HOLD
Disclosure................I took profit and dont hold atm, looking for re entry.
Going to bed now, will do more charts tomorrow.
Trading update.
PLS
PLS is currently under going a minor sub wave 4 down correction, i reckon A & B are done, just a matter where C ultimately finishes.
Both the MACD & RSI 14 have bearish under tones.
a) MACD..........green line looking like its going to dive below the red line
b) RSI 14 has broken trend.
Cant rule out SP dropping to either the 50 or 61 fib support lines.
Conversely, if SP clear breaks the strong 23 fib resistance ( 488 ) .............game on.
SENTIMENT: HOLD
Disclosure...........I dont hold, looking for re entry
AKE
Like PLS, AKE is going thru a minor sub wave 4 down correction too, just a matter where the C wave finishes, will it be the 23 fib support ( 1238 ) or 1190 ?
All indicators looking bearish atm
SENTIMENT: HOLD
Disclosure...........I dont hold.
LTR
LTR is in the early phase of minor sub wave 3 up, going thru a corrective phase like all the other lithium players, could the SP find a base around the 23 fib support line, which would coincide with the bottom of the trend channel ?
Next week will reveal more.
SENTIMENT: HOLD
Disclosure................I took profit and dont hold atm, looking for re entry.
Going to bed now, will do more charts tomorrow.
Trading update continues.
LRS
SP having another crack breaking that strong 23 fib resistance, will it break it next week ?
As said before, needs a good announcement to do so
Technicals look bullish.
SENTIMENT : BUY
Disclosure...........I hold
CXO
CXO is also going thru a ABC correction ............where will the C wave land ?
Will the 61 fib support be the pivot for higher prices like it tends to do for wave 2 down , or will it go lower ?
Technicals are bearish atm.
SENTIMENT ; HOLD
Disclosure.............I dont hold.
RNU
Overall, RNU technicals look rather bullish.
Bullish symmetrical pattern in play here.
Break the 27 / 30c resistance and RNU will be flying.
SENTIMENT : BUY
Disclosure..........i dont hold.
IXR
After a protracted down turn that reached a low of 3.1, IXR looks to be on the recovery with minor sub wave 1 up & 2 down complete, with good accumulation occurring around the 61 fib ( 3.50 )
What in the way of news flow will spark the flames for minor wave 3 up ?
imo
LRS
SP having another crack breaking that strong 23 fib resistance, will it break it next week ?
As said before, needs a good announcement to do so
Technicals look bullish.
SENTIMENT : BUY
Disclosure...........I hold
CXO
CXO is also going thru a ABC correction ............where will the C wave land ?
Will the 61 fib support be the pivot for higher prices like it tends to do for wave 2 down , or will it go lower ?
Technicals are bearish atm.
SENTIMENT ; HOLD
Disclosure.............I dont hold.
RNU
Overall, RNU technicals look rather bullish.
Bullish symmetrical pattern in play here.
Break the 27 / 30c resistance and RNU will be flying.
SENTIMENT : BUY
Disclosure..........i dont hold.
IXR
After a protracted down turn that reached a low of 3.1, IXR looks to be on the recovery with minor sub wave 1 up & 2 down complete, with good accumulation occurring around the 61 fib ( 3.50 )
What in the way of news flow will spark the flames for minor wave 3 up ?
imo
Attachments
Hi All
PLS
a) MACD - green line curling up, negative histogram receding, green tinges of bull happening here.
b) RSI 14 has popped up nicely and is above the all important green 50 line
c) SP - heiken ashi candle has gone green with upper wick , no lower wick and is above the 4, 8, & 21 ema.
If the MACRO doesnt shit itself, i am confident that sub wave 5 up is in play now, which should see a target of $6 plus
SENTIMENT.............BUY
SL should be instigated just under 420 support
DISCLOSURE...........I bought in yesterday at 445.
LTR
LTR looks to have formed a base at 128 and now heiken ashi has turned green with wick pointing north.
Indicators look to be flattening and turning up...........not bullish yet, but green tinges occuring
SP not above 8 & 21 ema, but 4ema curling up.
Need to see SP break the red zone resistance ( 136 ) to confirm BUY
SENTIMENT......HOLD, but close to a BUY
DISCLOSURE..........I dont hold, but watching carefully for confirmation.
AKE
AKE looks to be basing at 1134 ( yellow arrow )
Indicators are flattening out, showing green tinges of bull.
AKE will be a confirmed BUY once SP breaks the 23 fib resistance ( 1217 )
SENTIMENT................HOLD
DISCLOSURE..............I dont hold, watching for confirmation.
More stock updates later, gotta go to work
imo
PLS
a) MACD - green line curling up, negative histogram receding, green tinges of bull happening here.
b) RSI 14 has popped up nicely and is above the all important green 50 line
c) SP - heiken ashi candle has gone green with upper wick , no lower wick and is above the 4, 8, & 21 ema.
If the MACRO doesnt shit itself, i am confident that sub wave 5 up is in play now, which should see a target of $6 plus
SENTIMENT.............BUY
SL should be instigated just under 420 support
DISCLOSURE...........I bought in yesterday at 445.
LTR
LTR looks to have formed a base at 128 and now heiken ashi has turned green with wick pointing north.
Indicators look to be flattening and turning up...........not bullish yet, but green tinges occuring
SP not above 8 & 21 ema, but 4ema curling up.
Need to see SP break the red zone resistance ( 136 ) to confirm BUY
SENTIMENT......HOLD, but close to a BUY
DISCLOSURE..........I dont hold, but watching carefully for confirmation.
AKE
AKE looks to be basing at 1134 ( yellow arrow )
Indicators are flattening out, showing green tinges of bull.
AKE will be a confirmed BUY once SP breaks the 23 fib resistance ( 1217 )
SENTIMENT................HOLD
DISCLOSURE..............I dont hold, watching for confirmation.
More stock updates later, gotta go to work
imo
Hey @BEISHA ,
Been thinking to ask if you could also include this into your chart list
Here's my very amature 2cents.
1) MACD approching golden cross and 0 : positive
2) RSI sitting at 50 point up : Neutral/+
3) Volume by price, not much volume above current price : + indicating not too much selling pressure ?
4) Will it be a higher high and now creating a higher low ?
Just topped up at 0.22, been holding since 2021
Top 3 shorted stock in asx.
Been thinking to ask if you could also include this into your chart list
Here's my very amature 2cents.
1) MACD approching golden cross and 0 : positive
2) RSI sitting at 50 point up : Neutral/+
3) Volume by price, not much volume above current price : + indicating not too much selling pressure ?
4) Will it be a higher high and now creating a higher low ?
Just topped up at 0.22, been holding since 2021
Top 3 shorted stock in asx.
BaconLover
Founding Member
Great thread.
For those who trade US markets, keep an eye on C3.AI
And AI stocks in general.
For some reason the run in AI stocks in US has not transpired through to ASX AI stocks like BRN. Could be due to their silly rules surrounding ASX announcements.
Quite possibly AI will be leaders if we come out of this support zone on different markets.
C3.AI has broken out today, I believe there's still some steam left. Can't comment on entry now as it's gone past my edge entry.
Can't post charts on the mobile phone, sorry. I'll try to edit this later.
Disc: I hold both C3.AI (position) and BRN (long term).
Edit:
Volume is not aligned, as I could not get volume loaded on TV, but hopefully still shows the change in interest.
For those who trade US markets, keep an eye on C3.AI
And AI stocks in general.
For some reason the run in AI stocks in US has not transpired through to ASX AI stocks like BRN. Could be due to their silly rules surrounding ASX announcements.
Quite possibly AI will be leaders if we come out of this support zone on different markets.
C3.AI has broken out today, I believe there's still some steam left. Can't comment on entry now as it's gone past my edge entry.
Can't post charts on the mobile phone, sorry. I'll try to edit this later.
Disc: I hold both C3.AI (position) and BRN (long term).
Edit:
Volume is not aligned, as I could not get volume loaded on TV, but hopefully still shows the change in interest.
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