Thank you for including SYA, one of my major holding, not sure what will be the effect of dropping out of asx200....
TRADING OPPORTUNITIES
- Thread starter BEISHA
- Start date
I tried to look up SYA website to do some research........its been down for a while now, whats the story there ?Thank you for including SYA, one of my major holding, not sure what will be the effect of dropping out of asx200....
However, i did have a look at the drilling results for MOBLAN project on 11/7/23.............some very nice hits at decent grade.
Is SYA a producer ?
Maybe you can tell me more........
Has SYA seen the bottom at 12.5c ?
The HOURLY chart suggests it might, but looks to be struggling to break 14c resistance, so a push back to 13c support could be on the cards early next week, that could represent a good entry or top up, assuming this movement isnt a dead cat bounce.
SENTIMENT: HOLD / OBSERVE
DISCLOSURE: I DONT HOLD
LRS
ABC correction playing out, indicators are bearish, SP precariously placed just above 21 ema ( yellow line ), once it drops below that , then i see a swift drop to the 23 fib support, if that doesnt hold, no support until 50 fib support ( 21.18 )
SENTIMENT: SELL
DISCLOSURE: I DONT HOLD.
AKE
AKE was pretty flat for the week gone by, but the technicals are bearish.....I reckon the SP could drop to the 50 fib support
( 834 ), so wouldnt touch atm.
SENTIMENT : SELL
DISCLOSURE : I DONT HOLD
LTR
Technicals are bearish.
SENTIMENT: HOLD
DISCLOSURE: I DONT HOLD
PLS
Very much a bullish chart, good trend, but triple top 539 has now activated minor sub wave 4 down , which should find support @ 508 / 500, before minor sub wave 5 up kicks in and takes SP to new all time highs 560 +.
SENTIMENT: BUY
DISCLOSURE: I HOLD ( looking to top up 508 / 500 )
EMC
EMC has now reached the 78 fib support ( 13.58 ), will it pivot from here or drop to 10.65 support ?
A bit of a closer look, SP actually touched 13.06, now flattening out, all indicators are now scraping the bottom of the barrell, so not sure there is too much downside left, news cant be far away ( Revere copper gold degrussa style, RIO tinto, exploring Rover ( vms / lithium play )............20m MC, a pinch of good news will see a re rate.
SENTIMENT : ACCUMULATE
DISCLOSURE : Looking to get a entry, possibly today.
CXO
A break of 60c resistance may suggest it is..........
SENTIMENT : HOLD
DISCLOSURE: I DONT HOLD.......but getting interested.
Thats a wrap folks !
Just on top of my head,I tried to look up SYA website to do some research........its been down for a while now, whats the story there ?
However, i did have a look at the drilling results for MOBLAN project on 11/7/23.............some very nice hits at decent grade.
Is SYA a producer ?
Maybe you can tell me more........
View attachment 41928
Has SYA seen the bottom at 12.5c ?
The HOURLY chart suggests it might, but looks to be struggling to break 14c resistance, so a push back to 13c support could be on the cards early next week, that could represent a good entry or top up, assuming this movement isnt a dead cat bounce.
SENTIMENT: HOLD / OBSERVE
DISCLOSURE: I DONT HOLD
LRS
View attachment 41930
ABC correction playing out, indicators are bearish, SP precariously placed just above 21 ema ( yellow line ), once it drops below that , then i see a swift drop to the 23 fib support, if that doesnt hold, no support until 50 fib support ( 21.18 )
SENTIMENT: SELL
DISCLOSURE: I DONT HOLD.
AKE
View attachment 41931
AKE was pretty flat for the week gone by, but the technicals are bearish.....I reckon the SP could drop to the 50 fib support
( 834 ), so wouldnt touch atm.
SENTIMENT : SELL
DISCLOSURE : I DONT HOLD
LTR
View attachment 41933 Slow boat to china for LTR , green support zone still holding up , but for how long ?
Technicals are bearish.
SENTIMENT: HOLD
DISCLOSURE: I DONT HOLD
PLS
View attachment 41957
Very much a bullish chart, good trend, but triple top 539 has now activated minor sub wave 4 down , which should find support @ 508 / 500, before minor sub wave 5 up kicks in and takes SP to new all time highs 560 +.
SENTIMENT: BUY
DISCLOSURE: I HOLD ( looking to top up 508 / 500 )
EMC
View attachment 41958
EMC has now reached the 78 fib support ( 13.58 ), will it pivot from here or drop to 10.65 support ?
View attachment 41959
A bit of a closer look, SP actually touched 13.06, now flattening out, all indicators are now scraping the bottom of the barrell, so not sure there is too much downside left, news cant be far away ( Revere copper gold degrussa style, RIO tinto, exploring Rover ( vms / lithium play )............20m MC, a pinch of good news will see a re rate.
SENTIMENT : ACCUMULATE
DISCLOSURE : Looking to get a entry, possibly today.
CXO
View attachment 41960 Could 56c be the low for CXO ?
A break of 60c resistance may suggest it is..........
SENTIMENT : HOLD
DISCLOSURE: I DONT HOLD.......but getting interested.
Thats a wrap folks !
They recommision an old plan and ship out their first production last week ( sold on trading platform),
( been told the OTs is close for weeks but in the end nothing happened)
They got shorted massively back in the days and about 2 months ago at they did a CR at 18cents for 200m and there's where the shorter left.
One of the major problem I think it's becuase of PLL agreement, when they acquire NAL, they parter with PLL and signed an offtake for US$900 for their 50% spod till carbonate production and few months ago one of the presentation shows delayed on the carbonate production schdule.
Pending news will be moblan result ,offtake agreement for the remaining 50% and got kicked out of ASX200 in the next Q,
Been roller coaster for me , been holding since 2021 , should have locked in some profit before
That TO hasnt got a hope of getting over the line, Tianqi ( Chyna ) is SQM biggest shareholder, FIRB will reject....or should.!!
I would be very careful doing any trade on AZS, I am off to work so dont have time to provide a chart and explanation, but its going thru a ABC correction wave 4 down.........wouldnt touch it, but thats just me.
imo
Thanks for that !
Also noted that they only have 17M in hand, suspect a CR is on the way.
you starting work at noon ????? XD
aanti.dumb
Regular
I tried to look up SYA website to do some research........its been down for a while now, whats the story there ?
However, i did have a look at the drilling results for MOBLAN project on 11/7/23.............some very nice hits at decent grade.
Is SYA a producer ?
Maybe you can tell me more........
View attachment 41928
Has SYA seen the bottom at 12.5c ?
The HOURLY chart suggests it might, but looks to be struggling to break 14c resistance, so a push back to 13c support could be on the cards early next week, that could represent a good entry or top up, assuming this movement isnt a dead cat bounce.
SENTIMENT: HOLD / OBSERVE
DISCLOSURE: I DONT HOLD
LRS
View attachment 41930
ABC correction playing out, indicators are bearish, SP precariously placed just above 21 ema ( yellow line ), once it drops below that , then i see a swift drop to the 23 fib support, if that doesnt hold, no support until 50 fib support ( 21.18 )
SENTIMENT: SELL
DISCLOSURE: I DONT HOLD.
AKE
View attachment 41931
AKE was pretty flat for the week gone by, but the technicals are bearish.....I reckon the SP could drop to the 50 fib support
( 834 ), so wouldnt touch atm.
SENTIMENT : SELL
DISCLOSURE : I DONT HOLD
LTR
View attachment 41933 Slow boat to china for LTR , green support zone still holding up , but for how long ?
Technicals are bearish.
SENTIMENT: HOLD
DISCLOSURE: I DONT HOLD
PLS
View attachment 41957
Very much a bullish chart, good trend, but triple top 539 has now activated minor sub wave 4 down , which should find support @ 508 / 500, before minor sub wave 5 up kicks in and takes SP to new all time highs 560 +.
SENTIMENT: BUY
DISCLOSURE: I HOLD ( looking to top up 508 / 500 )
EMC
View attachment 41958
EMC has now reached the 78 fib support ( 13.58 ), will it pivot from here or drop to 10.65 support ?
View attachment 41959
A bit of a closer look, SP actually touched 13.06, now flattening out, all indicators are now scraping the bottom of the barrell, so not sure there is too much downside left, news cant be far away ( Revere copper gold degrussa style, RIO tinto, exploring Rover ( vms / lithium play )............20m MC, a pinch of good news will see a re rate.
SENTIMENT : ACCUMULATE
DISCLOSURE : Looking to get a entry, possibly today.
CXO
View attachment 41960 Could 56c be the low for CXO ?
A break of 60c resistance may suggest it is..........
SENTIMENT : HOLD
DISCLOSURE: I DONT HOLD.......but getting interested.
Thats a wrap folks !
Whats your target entry price for CXO? Closed at 0.545 today.
There is currently a wall at 0.50, guessing shorter's will cover here and we will hit bottom.
I dont have a target price, i just observe price action, then respond, or not.
CXO has now hit the 78 fib support, its a rather solid support line, all indicators are bottom of the barrel and look to be flattening out, could this be a time to BUY or could it drop to the next support line @27 ?
Daily chart showing accumulation at 42.5, indicators indeed flattening out with RSI 14 slightly rising.
I guess if you believe in the long term CXO will improve recoveries and improve tonnage sales, then this could be a bit of a bargain, 860mc for a producer, with stacks of dough in the kitty.
Very little resistance until it reaches the 61 fib ( 72 ) .............risk v reward.
Could be well worth a punt...........based on FA not TA, cause technically you would wait until SP breaches the 21 ema ( yellow line ) to the upside on the daily chart......... but thats 25% away.
Or maybe the strategy could be taking a small entry now and increasing it once the danger of SP going to 27 dissipates.
Hmmmm.
imo
Hi All,
A quick update on some trading opportunities...
AKE
Not sure whether AKE is setting up for the next leg up, or setting up for the final leg down ( e ), MACD is bearish, RSI 14 is forming a bullish trend , but there is clear divergence and could break down, plus SP is below the 21 ema
Cant make a call on this yet......but my bias is towards the bear atm
Sentiment : Observe
Disclosure: I dont hold.
LTR
Green support zone still holding up, but for how much longer ?
Sentiment : hold / observe
Disclosure : I dont hold.
PLS
Does that bullish hammer candle ( yellow arrow ) signify the end of the ABC correction ?
SP has some heavy resistance to get thru for me to confirm change of trend, 475 to commence, then the 23 fib 493, which would also mean its broken the upper trend line , which would then confirm BUY.
Until then...
Sentiment : hold / accumulate
Disclosure : I hold
SYA
Could that doji candle ( yellow arrow ) be the pivot for a trend change after a protracted ABCDE correction ?
Indicators are massively over sold.
Hour chart looking bullish, looks like minor sub wave 5 up is getting set up, with good support at 10.9.
I may put my toe in the water...
Sentiment: Accumulate / hold
Disclosure: I dont hold, yet.
CXO
Blue bubble demonstrating SP is creating some support at 40, all indicators are massively oversold and flattening out.
No resistance until 50c.......easy 25% gain right there.
Worth a punt.
Sentiment: Accumulate / Observe
Disclosure: I dont hold.........yet
NIC
SP creating some nice higher high / lows, starting to push thru the 80c resistance and is now above the 21 ema and indicators are bullish.
A break of the 85c resistance would activate a outright BUY.
Until then...
Sentiment: Accumulate
Disclosure : I hold
EVN
The trend is your friend with EVN.
After briefly breaching outside the " andrew pitchfork ", SP is now primed to enter the green zone.
Indicators are bullish, with plenty of room to move.
Sentiment: Accumulate / Buy
Disclosure: I do not hold, but considering my options.
LRS
LRS had a positive week, but dont be fooled, ABC correction is playing out and i still believe that SP could finish around 20c.
MACD , green line converging with the red from a great height, histogram dissipating almost into negative territory.
Sentiment : SELL
Disclosure: I dont hold.
Thats a wrap folks!
A quick update on some trading opportunities...
AKE
Not sure whether AKE is setting up for the next leg up, or setting up for the final leg down ( e ), MACD is bearish, RSI 14 is forming a bullish trend , but there is clear divergence and could break down, plus SP is below the 21 ema
Cant make a call on this yet......but my bias is towards the bear atm
Sentiment : Observe
Disclosure: I dont hold.
LTR
Green support zone still holding up, but for how much longer ?
Sentiment : hold / observe
Disclosure : I dont hold.
PLS
Does that bullish hammer candle ( yellow arrow ) signify the end of the ABC correction ?
SP has some heavy resistance to get thru for me to confirm change of trend, 475 to commence, then the 23 fib 493, which would also mean its broken the upper trend line , which would then confirm BUY.
Until then...
Sentiment : hold / accumulate
Disclosure : I hold
SYA
Could that doji candle ( yellow arrow ) be the pivot for a trend change after a protracted ABCDE correction ?
Indicators are massively over sold.
Hour chart looking bullish, looks like minor sub wave 5 up is getting set up, with good support at 10.9.
I may put my toe in the water...
Sentiment: Accumulate / hold
Disclosure: I dont hold, yet.
CXO
Blue bubble demonstrating SP is creating some support at 40, all indicators are massively oversold and flattening out.
No resistance until 50c.......easy 25% gain right there.
Worth a punt.
Sentiment: Accumulate / Observe
Disclosure: I dont hold.........yet
NIC
SP creating some nice higher high / lows, starting to push thru the 80c resistance and is now above the 21 ema and indicators are bullish.
A break of the 85c resistance would activate a outright BUY.
Until then...
Sentiment: Accumulate
Disclosure : I hold
EVN
The trend is your friend with EVN.
After briefly breaching outside the " andrew pitchfork ", SP is now primed to enter the green zone.
Indicators are bullish, with plenty of room to move.
Sentiment: Accumulate / Buy
Disclosure: I do not hold, but considering my options.
LRS
LRS had a positive week, but dont be fooled, ABC correction is playing out and i still believe that SP could finish around 20c.
MACD , green line converging with the red from a great height, histogram dissipating almost into negative territory.
Sentiment : SELL
Disclosure: I dont hold.
Thats a wrap folks!
Attachments
AKE
AKE was negative for the week and the indicators suggests more weakness to come.
Will 1184 support come in to play if the current support doesnt hold ?
Sentiment " Sell / Observe
Disclosure: I dont hold
LTR
LTR had a positive week, with another TO offer....big volume going thru, indicators are on the bullish side.
There is a trade opportunity here, but only once 319 ath gets broken to the upside, then no resistance holding it back and may go for a decent ride.
Sentiment : Hold / accumulate slightly
Disclosure: I dont hold.
PLS
If current support at 450 doesnt hold, then could see SP drop to the next support line at 393.
Indicators not looking great.
Sentiment; Hold / observe
Disclosure: Not held
LRS
Well , as i stated last week, the c wave has now been enacted, 20% drop for the week.
Failure to hold at 30 support, will almost guarantee a free fall to 20c or less
Indicators are bearish, with plenty of room to drop , MACD in particular.
Sentiment: Sell / Observe
Disclosure: I dont hold.
NIC
NIC had a crack breaking the 85c resistance line, but failed, hoping now the minor sub wave 4 down movement is done with solid support at 78 being the pivot for minor sub wave 5 up. A break of the 78/ 85 resistance would confirm a change of trend & BUY recommendation, until then tho...
Sentiment: Hold / Observe
Disclosure: I hold
EVN
A break of the upper TL & or a break of the 365 resistance would activate a BUY recommendation. Until then...
Sentiment: Hold / Observe
Disclosure: I dont hold
SYA
Sp has dipped its toe just below 10.8 support, i need to see evidence of that support holding / accumulating and rising before i can be convinced SYA has seen the low, there is a slight chance that if 10.8 support doesnt hold, then it could drop to 6c support which would seem ridiculous but.....possible.
Sentiment: Hold / Observe
Disclosure: I dont hold.
CXO
CXO continues to find new lows, could it potentially drop to 26 support ?
Similar chart to SYA, smashed, enticing, but technically i need to see evidence of a confirmed low, before i recommend a BUY.
Sentiment: Hold / Observe
Disclosure: I dont hold.
Thats a wrap folks.!!
AKE was negative for the week and the indicators suggests more weakness to come.
Will 1184 support come in to play if the current support doesnt hold ?
Sentiment " Sell / Observe
Disclosure: I dont hold
LTR
LTR had a positive week, with another TO offer....big volume going thru, indicators are on the bullish side.
There is a trade opportunity here, but only once 319 ath gets broken to the upside, then no resistance holding it back and may go for a decent ride.
Sentiment : Hold / accumulate slightly
Disclosure: I dont hold.
PLS
If current support at 450 doesnt hold, then could see SP drop to the next support line at 393.
Indicators not looking great.
Sentiment; Hold / observe
Disclosure: Not held
LRS
Well , as i stated last week, the c wave has now been enacted, 20% drop for the week.
Failure to hold at 30 support, will almost guarantee a free fall to 20c or less
Indicators are bearish, with plenty of room to drop , MACD in particular.
Sentiment: Sell / Observe
Disclosure: I dont hold.
NIC
NIC had a crack breaking the 85c resistance line, but failed, hoping now the minor sub wave 4 down movement is done with solid support at 78 being the pivot for minor sub wave 5 up. A break of the 78/ 85 resistance would confirm a change of trend & BUY recommendation, until then tho...
Sentiment: Hold / Observe
Disclosure: I hold
EVN
A break of the upper TL & or a break of the 365 resistance would activate a BUY recommendation. Until then...
Sentiment: Hold / Observe
Disclosure: I dont hold
SYA
Sp has dipped its toe just below 10.8 support, i need to see evidence of that support holding / accumulating and rising before i can be convinced SYA has seen the low, there is a slight chance that if 10.8 support doesnt hold, then it could drop to 6c support which would seem ridiculous but.....possible.
Sentiment: Hold / Observe
Disclosure: I dont hold.
CXO
CXO continues to find new lows, could it potentially drop to 26 support ?
Similar chart to SYA, smashed, enticing, but technically i need to see evidence of a confirmed low, before i recommend a BUY.
Sentiment: Hold / Observe
Disclosure: I dont hold.
Thats a wrap folks.!!
Attachments
DiscoDanNZ
Regular
You've proved to be 100% right on LRS, did I sell? No, my wife said to just hold it... FA wise a PEA is expected around the time I become eligible for the CGT discount so I'm just gonna hold out for that.
We have talked about this before, but, how much has it cost you you to HOLD for CGT when you could of sold when i mentioned SELL in the high 30s ?
A simple sell off of one of your many other sub permorming stocks would of resulted in you paying no CGT at all...........
All good brother, just food for thought, no financial advice here.
LRS
@lellep
Still looking shit brother, my call prediction of 20c or lower still stands......
Sentiment: SELL
Disclosure: I dont hold
AKE
AKE hit the 78 fib then produced a nice bullish long green candle with above average volume ( yellow arrows )
A break of the 618 fib 1251 resistance will confirm the start of sub wave 3 up and provide a nice trade opportunity.
Sentiment: HOLD and observe closely
Disclosure: I dont hold, but will BUY when 1251 resistance breaks to upside
PLS
Carbon copy chart of AKE, nice long bullish green candle with volume coming off the 78 fib ( 380 )
SP went alot lower than i thought , but strong indications that a reversal in play here.
A break of the 50 fib would cofirm trend change ( sub wave 3 up )
Sentiment: Hold / accumulate
Disclosure: I hold
EVN
There was a attempt to break the strong resistance 380 during the week for my favourite goldie play, but failed, could that blue bubble be the pivot for another attempt ?
Or will it breach the long term bullish trend to the down side ?
Sentiment: Hold / Observe
Disclosure: I dont hold.......yet
NIC
Unfortunately my favourite nickle play couldnt break the 80 resistance line, in fact , SP dropped below 78 support ..........bugger.
A break of 80c resistance is required to give me more confidence of a bullish change of trend, so until that happens..
Sentiment: Hold / Observe
Disclosure: I hold
SYA
The hourly chart is displaying some signs that 9c could be the low here, but until 10/11c strong resistance zone breaks to the upside, its still a risky proposition to initiate a BUY call here, so its a wait and see for me.
Sentiment: Hold / Observe
Disclosure: I dont hold
CXO
Pretty similar chart to SYA.
Smacked down to 33c, but indicators are looking positive.
A break of the 37.5 / 40.5 resistance zone to the upside would confirm to me of a bullish change of trend, until then...
Sentiment: Hold / Observe
Disclosure: I dont hold
Thats a wrap folks
DiscoDanNZ
Regular
I know, I know... This time it was the much smarter than me Mrs that made the hold call. Looks like I finally have one to hold over herWe have talked about this before, but, how much has it cost you you to HOLD for CGT when you could of sold when i mentioned SELL in the high 30s ?
A simple sell off of one of your many other sub permorming stocks would of resulted in you paying no CGT at all...........
All good brother, just food for thought, no financial advice here.
LRS
View attachment 45412
@lellep
Still looking shit brother, my call prediction of 20c or lower still stands......
Sentiment: SELL
Disclosure: I dont hold
AKE
View attachment 45415
AKE hit the 78 fib then produced a nice bullish long green candle with above average volume ( yellow arrows )
A break of the 618 fib 1251 resistance will confirm the start of sub wave 3 up and provide a nice trade opportunity.
Sentiment: HOLD and observe closely
Disclosure: I dont hold, but will BUY when 1251 resistance breaks to upside
PLS
View attachment 45416
Carbon copy chart of AKE, nice long bullish green candle with volume coming off the 78 fib ( 380 )
SP went alot lower than i thought , but strong indications that a reversal in play here.
A break of the 50 fib would cofirm trend change ( sub wave 3 up )
Sentiment: Hold / accumulate
Disclosure: I hold
EVN
View attachment 45418
There was a attempt to break the strong resistance 380 during the week for my favourite goldie play, but failed, could that blue bubble be the pivot for another attempt ?
Or will it breach the long term bullish trend to the down side ?
Sentiment: Hold / Observe
Disclosure: I dont hold.......yet
NIC
View attachment 45419
Unfortunately my favourite nickle play couldnt break the 80 resistance line, in fact , SP dropped below 78 support ..........bugger.
A break of 80c resistance is required to give me more confidence of a bullish change of trend, so until that happens..
Sentiment: Hold / Observe
Disclosure: I hold
SYA
View attachment 45420
The hourly chart is displaying some signs that 9c could be the low here, but until 10/11c strong resistance zone breaks to the upside, its still a risky proposition to initiate a BUY call here, so its a wait and see for me.
Sentiment: Hold / Observe
Disclosure: I dont hold
CXO
View attachment 45422
Pretty similar chart to SYA.
Smacked down to 33c, but indicators are looking positive.
A break of the 37.5 / 40.5 resistance zone to the upside would confirm to me of a bullish change of trend, until then...
Sentiment: Hold / Observe
Disclosure: I dont hold
Thats a wrap folks
Lithium spot price has crashed, easy work for the shorters.........
But, going by my chart, i bet the shorters have closed their positions next time you update the short percentage, assuming they have brains..........
PLS
Upper blue shaded area displaying a confirmed breakout from the bullish "three rising method " candle pattern.
Lower blue shaded area confirms a clear breakout from the bearish trend on the RSI 14 indicator.
Sentiment : BUY
Disclosure: I hold
AKE
Blue shaded areas suggesting its following in the footsteps of PLS chart, looking bullish but no BUY recommendation yet..
A break of the 61fib resistance ( 1251 ) would confirm that.
Sentiment: Hold
Disclosure: I dont hold..........yet.
LRS
Despite a promising PEA announcement, the sell off continues.....
a) SP now has drifted below the 21 ema....bearish
b) MACD, green signal below the red......bearish
c) RSI 14 indicator still down slope...........bearish
No support until 20.
Sentiment: Sell
Disclosure: I dont hold
EVN
Spot gold price has taken a tumble, EVN following suit, SP now has dropped below lower TL, will current support ( 321 ) hold or drop to the next support line ( 272 ) ?
Indicators dont look flash.
Sentiment: Hold / PART SELL
Disclosure: I dont hold
NIC
nickle spot price still weak, NIC following suit, SP getting close to key support ( 70 ), i am in two minds whether to sell up and seek better opportunities elsewhere.
Sentiment: Hold / observe
Disclosure: I hold, but considering my options
SYA
Still no joy for SYA.........bearish on multiple levels.
10.7 support broken to the down side, is it possible 6.5c support gets hit ?
Sentiment: Sell
Disclosure: I dont hold
CXO
CXO had a good week, courtesy of a positive announcement that they are profitable despite their recovery woes and the lithium spot price crashing, plus have a very strong balance sheet........so pretty sure 32 is now the low, with bullish divergence evident on the indicators , SP above the 21 ema and above average volume
Sentiment: BUY / ACCUMULATE
Disclosure: I dont hold.......yet
Thats a wrap folks!
Winenut
Go AVZ!
On the LRS stock it's the psychology between a LT investor and a trader that is the difficult one for some to manage....me included!We have talked about this before, but, how much has it cost you you to HOLD for CGT when you could of sold when i mentioned SELL in the high 30s ?
A simple sell off of one of your many other sub permorming stocks would of resulted in you paying no CGT at all...........
All good brother, just food for thought, no financial advice here.
LRS
View attachment 45412
@lellep
Still looking shit brother, my call prediction of 20c or lower still stands......
Sentiment: SELL
Disclosure: I dont hold
AKE
View attachment 45415
AKE hit the 78 fib then produced a nice bullish long green candle with above average volume ( yellow arrows )
A break of the 618 fib 1251 resistance will confirm the start of sub wave 3 up and provide a nice trade opportunity.
Sentiment: HOLD and observe closely
Disclosure: I dont hold, but will BUY when 1251 resistance breaks to upside
PLS
View attachment 45416
Carbon copy chart of AKE, nice long bullish green candle with volume coming off the 78 fib ( 380 )
SP went alot lower than i thought , but strong indications that a reversal in play here.
A break of the 50 fib would cofirm trend change ( sub wave 3 up )
Sentiment: Hold / accumulate
Disclosure: I hold
EVN
View attachment 45418
There was a attempt to break the strong resistance 380 during the week for my favourite goldie play, but failed, could that blue bubble be the pivot for another attempt ?
Or will it breach the long term bullish trend to the down side ?
Sentiment: Hold / Observe
Disclosure: I dont hold.......yet
NIC
View attachment 45419
Unfortunately my favourite nickle play couldnt break the 80 resistance line, in fact , SP dropped below 78 support ..........bugger.
A break of 80c resistance is required to give me more confidence of a bullish change of trend, so until that happens..
Sentiment: Hold / Observe
Disclosure: I hold
SYA
View attachment 45420
The hourly chart is displaying some signs that 9c could be the low here, but until 10/11c strong resistance zone breaks to the upside, its still a risky proposition to initiate a BUY call here, so its a wait and see for me.
Sentiment: Hold / Observe
Disclosure: I dont hold
CXO
View attachment 45422
Pretty similar chart to SYA.
Smacked down to 33c, but indicators are looking positive.
A break of the 37.5 / 40.5 resistance zone to the upside would confirm to me of a bullish change of trend, until then...
Sentiment: Hold / Observe
Disclosure: I dont hold
Thats a wrap folks
They are two very different beasts
I'm both (not as technical as you by any means) but definitely sit in both camps
I sometimes have long term holds on stocks but then trade parcels around that depending on sentiment and volume
It can sometimes help to make small "trading" wins along the way while you wait for the longer term picture and fundamentals to play out
Just to keep the boat afloat
Yep, a double bottom 8.31 is certainly evident.
A few things i would like to see happen before i get bullish on SYA.
a) SP break 10c resistance and in doing so , elevate above the 21 ema ( yellow line )
b) RSI 14 to get above 50
c) A confirmed change of trend would occur if 11c resistance was broken to the upside.
Cant see any of that happening unless a bullish FA announcement was to drop or
Lithium spot price was to improve.
As you can see, indicators are over sold to the max and price is levelling out, so bullish sentiment for the lithium sector cant be too far away....then SYA and the rest of the lithium family will follow suit.
imo
Any how, lets look at some other charts...
AKE
I am warmly confident that ABC sub wave 2 down is complete, dipped below the key 78 fib ( 1133 ) resistance briefly, now pushed back up, a break of the 61 fib ( 1256 ) resistance will confirm sub wave 3 up.
Indicators look bullish
Sentiment: Hold / Accumulate
Disclosure: i dont hold..........yet
PLS
Last time i covered this stock, i thought it was a BUY, but it faked me, Mr market decided to convert a ABC correction into a ABCDE correction instead........farken.
That being said, SP has kicked back up nicely and indicators look bullish.
A break of the 431/ 456 resistance will confirm sub wave 3 up.
Sentiment: Hold / accumulate
Disclosure: I hold
LTR
Havnt covered LTR for a while cause the chart is manipulated with the ALB offer and hasnt followed the trend of other lithium stocks, that being bearish, but, ALB offer looking dicey now, with Gina buying a blocking stake of 19.9%, so LTR had a negative week on high volume, ( check the vertical red line ), indicators not showing a clear direction, could my sub wave 4 down prediction ( 206 ) still stand ?
Sentiment: Hold / Observe
Disclosure: I dont hold
LRS
Is the ABC correction complete ?
Not sure, a clear break of 30c resistance would give me a bullish view, but indicators still bearish, so a drop to 20c is still possible, its a watch and see.
Sentiment: Hold / Observe
Disclosure: I dont hold.
CXO
SP flattening right out, with support at 37, indicators flattening and slightly rising from extreme over sold posititions, if lithium sentiment improves and 43 resistance is broken, then not much resistance until 81.
Good risk v reward
Sentiment: Hold / accumulate
Disclosure : I dont hold........but very much considering it..
EVN
Gold price on the move, up $60 pere ounce overnight, so what will EVN do.........close the gap first ( orange shaded area ) then bounce off, or will 345 support be the pivot for a sharp rise up to challenge 380 resistance in the not so distant future ?
Either way, i sense a bullish trend developing.
Sentiment: Hold / Accumulate
Disclosure: I dont hold............yet.
Thats a wrap folks.
