TRADING OPPORTUNITIES

[BEISHA]

How about LRS? will you be buying back when it is lower?

//lellep

Gday my friend, i do believe i updated the LRS chart not so long ago on the LRS CHART THREAD ( 9/7 ), but lets have another look and see if i am on the money..........or not.

WEEKLY CHART

LRS has completed 5 waves, ( super wave 1 up ), MACD & RSI 14 indicator massively over bought.

Wave 2 down follows next............50/61 fib retraces are most common with that wave down...

DAILY CHART

Yellow arrow pointing to a triple / quadruple 37 top.

a) RSI 14 is now sloping downwards and challenging the lower trend line from OB status.

b) MACD........green line converging with the red signal line from a high position.......positive histogram is dissipating.

There is a ole saying in trading , "hold the trend until it bends "

As i said before, i am out, wont touch this stock now until indicators drop and flatten out.

Anyone attempting to BUY for the first time or add to their position is FARKEN NUTS and will end in pain.

SENTIMENT: SELL

DISCLOSURE: I DONT HOLD.

PS, Sorry i havnt responded to your PM yet, will reply later today / night.

Take care Leo

 

[Bray]

Hi @BEISHA any chance you could do a chart for CRR would be interested to see what T/A shows after recent Anns

 

[BEISHA]

Hi @BEISHA any chance you could do a chart for CRR would be interested to see what T/A shows after recent Anns

I do charts on the CRR CHART THREAD for future reference...., but happy to provide a chart here none the less.

Yeah, promising recent announcements indeed, especially the 75m hit at ML, 3.2% rock chips at Gullwing & Tot not too shabby either...

Looking at the HOURLY chart, 4.8 / 5c support appears to be holding, MACD & RSI 14 indicators flattening out, so the low could be in for the next leg up, if not, strong support lies at 4.5.

Punters waiting in earnest for the 75m assay result , regards to grade ......plus other assays pending.

Key resistance zone to break to the upside is 5.5/ 6c, then the chart really opens up

I think CRR has all the potential to be a medium size LTR, only 2% of land acquisition explored, infrastructure close by, best hard rock play going around for 84mc.

Long term hold for me , with a few trades in between.


imo

 

[Bray]

Didn’t even realise there was a CRR thread on TSE

Thanks for that run thru @BEISHA
Been some big buys since that 78m intercept, hoping a lot of the 1c traders have moved on and we’re getting some solid holders. Couple more days and tax $ will be going into CRR

 

[DiscoDanNZ]

Outside of the AVZ threads is a desolate wasteland after the nuclear winter, you shouldn't venture out there...

Hey @BEISHA im guessing the charts are massively cooked on LRS after today?

 

[Winenut]

Outside of the AVZ threads is a desolate wasteland after the nuclear winter, you shouldn't venture out there...

Hey @BEISHA im guessing the charts are massively cooked on LRS after today?

You'd think so it was a decent little trot today

Finished on ATH 41.5 with a CXA trade

 

[BEISHA]

Outside of the AVZ threads is a desolate wasteland after the nuclear winter, you shouldn't venture out there...

Hey @BEISHA im guessing the charts are massively cooked on LRS after today?

I thought LRS was cooked last week, buy hey, what the fuck do i know ?

WEEKLY CHART

SP , right up against strong resistance currently.

a) MACD has reached equal ATH

b) RSI 14 has reached equal ATH at 89.........massive OB

DAILY CHART

Highlight up the top is a spin top doji........so watch out for that.

a) MACD is at ATH

b) RSI 14 trend is negative with divergence in play

HOURLY CHART

Lower highs / lows evident with the highlight at top.

a) MACD ....green line converging with red signal line, histogram is dissipating to neutral / negative.....red flag

b) RSI 14 trend is negative.

Really up to you Dan , HOLD or SELL, but what goes up vertically, must come down, Weekly, Daily , Hourly charts all look cooked with multiple red flags telling me that the law of averages is LRS is on the cusp of a decent retrace.

SENTIMENT : PART SELL / SELL

DISCLOSURE: I dont hold, sold too early, but in line with my rule of capturing the meat of the chart, not chasing tops.


imo

 

[BEISHA]

AKE

DAILY CHART

AKE chart looking bearish from multiple red flags, with SP looking like its going to drop below the 21 ema......

Trend is not your friend here.

SENTIMENT : SELL

DISCLOSURE: I dont hold


LTR

DAILY CHART

Not alot has changed for LTR for the week ended, still think sub wave 4 down is on as the trend overall is negative, not alot of volume going thru , so not much more to say, will next week confirm my bearish theory ?

SENTIMENT ; HOLD

DISCLOSURE: I dont hold


PLS

DAILY CHART

A couple of attempts to break the 61fib ( 524 )resistance.................but no cigar yet.

RSI 14 has cooled off nicely, trend still holding up.

MACD is neutral.

Will 38 fib support 487 hold ?

HOURLY CHART

Is that green bubble above a sign SP is flattening out ?

Both MACD & RSI 14 are bearish, but massively over sold and flattening out, so minimal downside , if any imo, before the next leg up.

SENTIMENT; HOLD

DISCLOSURE: I hold


NIC

DAILY CHART

SP failed to hold at the 61 fib support ( 86 ), now approaching the minor support zone @ 78 fib ( 77.8 )

Failure to hold there, could mean a 12 month low is on the cards.........

That being said tho....

HOURLY CHART

79.5 could be the low as SP now approaching the 21 ema, RSI 14 bouncing off 29 low and green line breaking up from the red signal line with positive histogram appearing.

A break to the upside of the 21 ema and it will be a confirmed BUY.

SENTIMENT; ACCUMULATE

DISCLOSURE: I HOLD


EVN

DAILY CHART

I mentioned last week there might be a minor retrace on the cards, well, sure enuff its playing out, will it get to my predicted 349/ 341 support zone ?

HOURLY CHART

Dont know, SP and both indicators looking like its flattening out........

POG was a bit bearish Friday night, so it may have one last drop.

Minimal down side risk in any event.

SENTIMENT: ACCUMULATE / OBSERVE

DISCLOSURE: I dont hold, but may consider a entry tomorrow with further weakness.

EMC

DAILY CHART

I predicted this promising speccie could go as low as the 78 fib ( 13c ) last week, SP now dropped below 61 fib (18.6 ), and given both indicators are very much bearish still and could drop further, there is every chance it could.

SENTIMENT: SELL

DISCLOSURE : I dont hold but observing closely for a entry.



Thats a wrap folks, any other charts you want appraised, dont hesitate to tag me in.

 

[Winenut]

I thought LRS was cooked last week, buy hey, what the fuck do i know ?

WEEKLY CHART

View attachment 40579

SP , right up against strong resistance currently.

a) MACD has reached equal ATH

b) RSI 14 has reached equal ATH at 89.........massive OB

DAILY CHART

View attachment 40580

Highlight up the top is a spin top doji........so watch out for that.

a) MACD is at ATH

b) RSI 14 trend is negative with divergence in play

HOURLY CHART

View attachment 40581

Lower highs / lows evident with the highlight at top.

a) MACD ....green line converging with red signal line, histogram is dissipating to neutral / negative.....red flag

b) RSI 14 trend is negative.

Really up to you Dan , HOLD or SELL, but what goes up vertically, must come down, Weekly, Daily , Hourly charts all look cooked with multiple red flags telling me that the law of averages is LRS is on the cusp of a decent retrace.

SENTIMENT : PART SELL / SELL

DISCLOSURE: I dont hold, sold too early, but in line with my rule of capturing the meat of the chart, not chasing tops.


imo

Spot on with a bit of a retrace there Beish

LRS down nearly 9% in early trade today

Cheers

 

[DiscoDanNZ]

I thought LRS was cooked last week, buy hey, what the fuck do i know ?

WEEKLY CHART

View attachment 40579

SP , right up against strong resistance currently.

a) MACD has reached equal ATH

b) RSI 14 has reached equal ATH at 89.........massive OB

DAILY CHART

View attachment 40580

Highlight up the top is a spin top doji........so watch out for that.

a) MACD is at ATH

b) RSI 14 trend is negative with divergence in play

HOURLY CHART

View attachment 40581

Lower highs / lows evident with the highlight at top.

a) MACD ....green line converging with red signal line, histogram is dissipating to neutral / negative.....red flag

b) RSI 14 trend is negative.

Really up to you Dan , HOLD or SELL, but what goes up vertically, must come down, Weekly, Daily , Hourly charts all look cooked with multiple red flags telling me that the law of averages is LRS is on the cusp of a decent retrace.

SENTIMENT : PART SELL / SELL

DISCLOSURE: I dont hold, sold too early, but in line with my rule of capturing the meat of the chart, not chasing tops.


imo

Completely agree that it's all cooked, a good retrace to start the week off was due. I also love how since Ol hotinvestor coined the term 'cooked' and got teased relentlessly it's become a quality phrase to describe charts like LRS' at the moment.

I'm still holding but keeping an eye on it closely. I bought with every intention of trading but the Scottish heritage of centuries ago in me just can't come to grips with paying the ATO CGT. I also think it will only be stronger later in the year when the 12 months ticks over.

 

[BEISHA]

Completely agree that it's all cooked, a good retrace to start the week off was due. I also love how since Ol hotinvestor coined the term 'cooked' and got teased relentlessly it's become a quality phrase to describe charts like LRS' at the moment.

I'm still holding but keeping an eye on it closely. I bought with every intention of trading but the Scottish heritage of centuries ago in me just can't come to grips with paying the ATO CGT. I also think it will only be stronger later in the year when the 12 months ticks over.

You never go broke making a profit and paying your tax....

LRS could drop back to 20c, thats alot of lost profit to fall between the cracks, far more more than paying CGT.

Remember, profits offset losses, and i have looked at alot of your stocks you hold and i am pretty sure lossses far out way the profit, in which case, you pay no tax at all...........

Thats how i look at it, your call tho............

BTW, HOT INVESTOR is a fucking idiot and doesnt know the difference between a chart and a....

 

[DiscoDanNZ]

You never go broke making a profit and paying your tax....

LRS could drop back to 20c, thats alot of lost profit to fall between the cracks, far more more than paying CGT.

Remember, profits offset losses, and i have looked at alot of your stocks you hold and i am pretty sure lossses far out way the profit, in which case, you pay no tax at all...........

Thats how i look at it, your call tho............

BTW, HOT INVESTOR is a fucking idiot and doesnt know the difference between a chart and a....

View attachment 40858

Shart rhymes with chart too

I prefer to look at my overall portfolio as having plenty of opportunities to offset some CGT with losses... We will see, like I said my finger does have vee over the sell button on it.

My lovely wife that you've met and agree is much smarter than me tells me to just hold it everytime I mention selling it. I bet she would change her tune if it went back to 20c

 

[lellep]

You never go broke making a profit and paying your tax....

LRS could drop back to 20c, thats alot of lost profit to fall between the cracks, far more more than paying CGT.

Remember, profits offset losses, and i have looked at alot of your stocks you hold and i am pretty sure lossses far out way the profit, in which case, you pay no tax at all...........

Thats how i look at it, your call tho............

BTW, HOT INVESTOR is a fucking idiot and doesnt know the difference between a chart and a....

View attachment 40858

You never go broke making a profit and paying your tax....

LRS could drop back to 20c, thats alot of lost profit to fall between the cracks, far more more than paying CGT.

Remember, profits offset losses, and i have looked at alot of your stocks you hold and i am pretty sure lossses far out way the profit, in which case, you pay no tax at all...........

Thats how i look at it, your call tho............

BTW, HOT INVESTOR is a fucking idiot and doesnt know the difference between a chart and a....

View attachment 40858

Good old Hot Investor, remember him/her from early AVZ days spewing crap..

 

[BEISHA]

Shart rhymes with chart too

I prefer to look at my overall portfolio as having plenty of opportunities to offset some CGT with losses... We will see, like I said my finger does have vee over the sell button on it.

My lovely wife that you've met and agree is much smarter than me tells me to just hold it everytime I mention selling it. I bet she would change her tune if it went back to 20c

No advice given here, just highlighting support areas where SP could go if it breaks down below the 21 ema ( yellow line )...

Take care bro !!

 

[Bennysmadness]

@BEISHA Have to say thanks for your very detailed write ups. What would your view be with BRN? , looking forward how do you see it moving?
TIA

 

[BEISHA]

@BEISHA Have to say thanks for your very detailed write ups. What would your view be with BRN? , looking forward how do you see it moving?
TIA

I have been following BRN for a while............its all about improving those sales numbers isnt it ?

Looking at my chart............double bottom 33 is what i am looking at, which could suggest the bottom is in, all the moving averages converging, indicators look bullish, for BRN to confirm bullish trend, then hopefully minor sub wave 3 up is activated and breaks that strong resistance at 40/44......for that to happen FA needs a spark..

33c support needs to hold, or else, more lower lows ensue.



SENTIMENT: HOLD

DISCLOSURE: I DONT HOLD


AKE

WEEKLY CHART

Clear distribution going on with AKE , double top 1704, blue bubble displaying lower lows, RSI 14 is displaying divergence, MACD green line curling and converging with the red line, histogram dissipating to neutral / negative.

SENTIMENT: SELL

DISCLOSURE: I DONT HOLD


LRS

Weekly Chart

Top blue bubble displaying a bearish " hang man " candle, RSI 14 curling down from a massive OB 91, and MACD still soaring, but is a laggard indicator compared to RSI and histogram suggests its reached its peak.

Alot of red flags.

SENTIMENT: SELL

DISCLOSURE: I DONT HOLD


LTR

WEEKLY CHART

LTR still range bound from the upper support zone to 319, but if you look at the indicators, they look rather bearish...

MACD - green line has broken thru the red signal line to the downside, coming down friom a great height, histogram is in negative territory.

RSI 14 trend has broken to the downside.

Still believe sub wave 4 down is is taking place, with likely support coming around 200/215.

So for those reasons.......

SENTIMENT : SELL

DISCLOSURE: I DONT HOLD


PLS

WEEKLY CHART

I am of the opinion that PLS is only half way thru a major wave 5 up movement, blue shaded area is the start of sub wave 3 up and has a 1.618 fib target of 935.

The long term trend is certainly your friend here, indicators are bullish with plenty of room to move.

SP is above the 4, 8, 21 ema, cant really fault the chart, plenty of bullish flags here, so accordingly sentiment is upgraded

SENTIMENT: BUY

DISCLOSURE: I HOLD ( topped up this week )


NIC

WEEKLY CHART

NIC has completed a full set of 5 waves ( wave 1 up ) and completed ABC wave 2 down, currently SP may have completed sub wave 2 down, (within a much larger wave 3 up movement ), with the 61 fib ( 82 ) acting as potential support,

Indicators are biased towards neutral / negative, so not sure where SP is going atm, all i do know is the NICKLE price has stabilised and has a bullish bias, so hoping SP folllows that trend, as it should.

SENTIMENT: HOLD

DISCLOSURE: I HOLD


EVN

Nice short term trend forming for EVN , needs to break that strong resistance zone at 402, then the chart opens up, with minimal resistance until 502.

Strong support at 318, indicators have a bullish bias.

SENTIMENT : ACCUMULATE / BUY

DISCLOSURE: I DONT HOLD, but watching closely.


EMC

WEEKLY CHART

Indicators still way too high for my liking, RSI 14 has broken trend, pointing south, MACD green line flattening from a high position, with histogram dissipating from its high point.

SENTIMENT: SELL / OBSERVE

DISCLOSURE: I DONT HOLD, but observing



Thats a wrap folks !

 

[Bennysmadness]

I have been following BRN for a while............its all about improving those sales numbers isnt it ?

View attachment 41069

Looking at my chart............double bottom 33 is what i am looking at, which could suggest the bottom is in, all the moving averages converging, indicators look bullish, for BRN to confirm bullish trend, then hopefully minor sub wave 3 up is activated and breaks that strong resistance at 40/44......for that to happen FA needs a spark..

33c support needs to hold, or else, more lower lows ensue.



SENTIMENT: HOLD

DISCLOSURE: I DONT HOLD


AKE

View attachment 41073
WEEKLY CHART

Clear distribution going on with AKE , double top 1704, blue bubble displaying lower lows, RSI 14 is displaying divergence, MACD green line curling and converging with the red line, histogram dissipating to neutral / negative.

SENTIMENT: SELL

DISCLOSURE: I DONT HOLD


LRS

View attachment 41077

Weekly Chart

Top blue bubble displaying a bearish " hang man " candle, RSI 14 curling down from a massive OB 91, and MACD still soaring, but is a laggard indicator compared to RSI and histogram suggests its reached its peak.

Alot of red flags.

SENTIMENT: SELL

DISCLOSURE: I DONT HOLD


LTR

View attachment 41079

WEEKLY CHART

LTR still range bound from the upper support zone to 319, but if you look at the indicators, they look rather bearish...

MACD - green line has broken thru the red signal line to the downside, coming down friom a great height, histogram is in negative territory.

RSI 14 trend has broken to the downside.

Still believe sub wave 4 down is is taking place, with likely support coming around 200/215.

So for those reasons.......

SENTIMENT : SELL

DISCLOSURE: I DONT HOLD


PLS

View attachment 41097

WEEKLY CHART

I am of the opinion that PLS is only half way thru a major wave 5 up movement, blue shaded area is the start of sub wave 3 up and has a 1.618 fib target of 935.

The long term trend is certainly your friend here, indicators are bullish with plenty of room to move.

SP is above the 4, 8, 21 ema, cant really fault the chart, plenty of bullish flags here, so accordingly sentiment is upgraded

SENTIMENT: BUY

DISCLOSURE: I HOLD ( topped up this week )


NIC

View attachment 41099
WEEKLY CHART

NIC has completed a full set of 5 waves ( wave 1 up ) and completed ABC wave 2 down, currently SP may have completed sub wave 2 down, (within a much larger wave 3 up movement ), with the 61 fib ( 82 ) acting as potential support,

Indicators are biased towards neutral / negative, so not sure where SP is going atm, all i do know is the NICKLE price has stabilised and has a bullish bias, so hoping SP folllows that trend, as it should.

SENTIMENT: HOLD

DISCLOSURE: I HOLD


EVN

View attachment 41107

Nice short term trend forming for EVN , needs to break that strong resistance zone at 402, then the chart opens up, with minimal resistance until 502.

Strong support at 318, indicators have a bullish bias.

SENTIMENT : ACCUMULATE / BUY

DISCLOSURE: I DONT HOLD, but watching closely.


EMC

View attachment 41111

WEEKLY CHART

Indicators still way too high for my liking, RSI 14 has broken trend, pointing south, MACD green line flattening from a high position, with histogram dissipating from its high point.

SENTIMENT: SELL / OBSERVE

DISCLOSURE: I DONT HOLD, but observing



Thats a wrap folks !

Wow!!! Thanks for all that you give to this forum, truly appreciated

 

[DiscoDanNZ]

LRS currently doing the opposite of what it should be doing...

In my case dangerously and stupidly are interchangeable.

 

[Winenut]

Completely agree that it's all cooked, a good retrace to start the week off was due. I also love how since Ol hotinvestor coined the term 'cooked' and got teased relentlessly it's become a quality phrase to describe charts like LRS' at the moment.

I'm still holding but keeping an eye on it closely. I bought with every intention of trading but the Scottish heritage of centuries ago in me just can't come to grips with paying the ATO CGT. I also think it will only be stronger later in the year when the 12 months ticks over.

The Scottish Heritage!!

Wondered where that ginger beard came from!

I too have good touch of the Scot in the blood

I prefer to leave that part of me to never throw out food, always eat leftovers and check the prices online before buying fucking anything

With investing......never mixed the two.....just doesn't make sense

 

[BEISHA]

AKE

Bearish trend continues , plenty more to come .

SENTIMENT: SELL / STAY AWAY

DISCLOSURE: I DONT HOLD

LTR

Really no change for LTR, still hanging on to that green support zone at 264.

Indicators still bearish.


SENTIMENT: HOLD / OBSERVE

DISCLOSURE: I DONT HOLD

LRS

LRS is defying gravity...............double top 42 ?

Indicators massively over sold.


SENTIMENT: HOLD / PART SELL

DISCLOSURE: I DONT HOLD

PLS

Volume is rising, a break of that symmetrical triangle pattern outlined in blue, will see SP challenge that resistance at 522, break that to the upside and ATH will beckon soon enuff.

Plenty of room to move within the indicators

SENTIMENT: BUY

DISCLOSURE: I HOLD

NIC

Signs of life that NIC maybe set for the next leg up...

Double bottom 79, indicators flattening, showing signs of curling up.

A break of 84 resistance would confirm..... BUY


SENTIMENT: HOLD / ACCUMULATE

DISCLOSURE: I HOLD


EVN

Nice steady bullish trend for this ripper gold / copper producer.

Indicators look bullish with good room to move, SP above 21 ema.

SENTIMENT: ACCUMULATE / BUY

DISCLOSURE: I DONT HOLD......( But may take a position Monday )

EMC

Are we witnessing the final phase of the ABC correction ?

Will SP hit the 78 fib support or could it drop further to 10/11c ?

Or will 16 find support and reverse ?

Next week will reveal more.

SENTIMENT: HOLD / OBSERVE

DISCLOSURE: I DONT HOLD ( Observing still for a entry )

SYA

How low can SYA go ?

Indicators really over sold, SP now sitting on top of a decent support zone @14.5, will it hold there or drop to the bottom of the support zone @10.8c ?

Next week will reveal more.

SENTIMENT: HOLD / OBSERVE

DISCLOSURE: I DONT HOLD


Thats a wrap folks!