TRADING OPPORTUNITIES

[BEISHA]

@BEISHA
Hey bro! Interesting news with CR, seems like a big investor trying to get in as they have sufficent cash! Price is set at 25C so a buying opportunity might be coming up, how does this change previous TA?

Also congrats all fellow holders of IXR

Are you referring to LRS ?

TA still bearish.
20c support is still my call, unless 30c resistance breaks to the upside...

Sentiment: SELL / Observe

Disclosure: I dont hold

AKE

Wave 2 down found another low this week.

Dow down 280+ points Friday night, so the low may continue.

Sentiment: SELL / Observe

Disclosure: I dont hold

LTR

Well, finally my wave down prediction came to fruition, LTR chart has been manipulated with the ALB TO, but now that has come and gone , it forced the LTR bod to seek finance to get to production, hence C wave down was enacted and LTR has joined the rest of the lithium sector in getting a caning.

Dow down 280 pts Friday night, so i expect 175 support to get challenged.

If 175 support doesnt hold, then next support is 129.......surely not.

Sentiment: SELL / Observe

Disclosure: I dont hold.

PLS

Double bottom 370 occurred during the week then bounced off, will 370 hold or will 349 support come into the equation ?

Sentiment : HOLD / Observe

Disclosure: I hold

SYA

SP flattening out, indicators massively over sold and flat lined, surely the bottom is in, but, cant rule out 6.68 / 4.47 support zone ..DOW down another 280 pts, so shorters will continue to apply pressure...

Sentiment: SELL / Observe

Disclosure: I dont hold

CXO

CXO chart pretty much the same as SYA.

SP flattening, indicators flattening, MACD is encouraging , suggesting bottom is in .....but, cant rule out another drop to the lower support zone.

Sentiment: SELL / Observe

Disclosure: I dont hold

NIC

I am pretty sure 70 is the low and a bullish uptrend is in the works, but volume is low and i need to see where this minor retrace finishes , before making a call.

A break of the 81/84 resistance to the upside would confirm BUY, but for now...

Sentiment: Accumulate / Observe

Disclosure: I hold

EVN

Trend is looking good for EVN.

Solid support at 337, indicators are bullish and SP above 21 ema.


Sentiment: Accumulate

Disclosure: I dont hold.


Thats a wrap folks, but can i just remind, my sentiment towards all these stocks is based on TRADING, not long term BUY / HOLD INVESTMENT.........there is a massive difference.

If you hold any of the above stocks for the long term, continue to HOLD, they will all come good eventually, but if you are looking to TRADE, then there aint alot of opportunity...........yet.

imo

 

[ptlas]

Are you referring to LRS ?

View attachment 47650

TA still bearish.
20c support is still my call, unless 30c resistance breaks to the upside...

Sentiment: SELL / Observe

Disclosure: I dont hold

AKE

View attachment 47651
Wave 2 down found another low this week.

Dow down 280+ points Friday night, so the low may continue.

Sentiment: SELL / Observe

Disclosure: I dont hold

LTR

View attachment 47654

Well, finally my wave down prediction came to fruition, LTR chart has been manipulated with the ALB TO, but now that has come and gone , it forced the LTR bod to seek finance to get to production, hence C wave down was enacted and LTR has joined the rest of the lithium sector in getting a caning.

Dow down 280 pts Friday night, so i expect 175 support to get challenged.

If 175 support doesnt hold, then next support is 129.......surely not.

Sentiment: SELL / Observe

Disclosure: I dont hold.

PLS

View attachment 47655

Double bottom 370 occurred during the week then bounced off, will 370 hold or will 349 support come into the equation ?

Sentiment : HOLD / Observe

Disclosure: I hold

SYA

View attachment 47658

SP flattening out, indicators massively over sold and flat lined, surely the bottom is in, but, cant rule out 6.68 / 4.47 support zone ..DOW down another 280 pts, so shorters will continue to apply pressure...

Sentiment: SELL / Observe

Disclosure: I dont hold

CXO

View attachment 47660

CXO chart pretty much the same as SYA.

SP flattening, indicators flattening, MACD is encouraging , suggesting bottom is in .....but, cant rule out another drop to the lower support zone.

Sentiment: SELL / Observe

Disclosure: I dont hold

NIC

View attachment 47663

I am pretty sure 70 is the low and a bullish uptrend is in the works, but volume is low and i need to see where this minor retrace finishes , before making a call.

A break of the 81/84 resistance to the upside would confirm BUY, but for now...

Sentiment: Accumulate / Observe

Disclosure: I hold

EVN

View attachment 47666
Trend is looking good for EVN.

Solid support at 337, indicators are bullish and SP above 21 ema.


Sentiment: Accumulate

Disclosure: I dont hold.


Thats a wrap folks, but can i just remind, my sentiment towards all these stocks is based on TRADING, not long term BUY / HOLD INVESTMENT.........there is a massive difference.

If you hold any of the above stocks for the long term, continue to HOLD, they will all come good eventually, but if you are looking to TRADE, then there aint alot of opportunity...........yet.

imo

LRS falling on low volume.
If it hits recent low off 23c, it may set off multiple bullish divergences.
On phone, so sorry if 23c is incorrect.

 

[ptlas]

AKE agree

LTR bouncing around $3 for an eternity.

Anyone with a brain would have been out and awaiting a retrace.

If I was tradng LTR, and I always thought it was very predictable, then I'd wait for further falls.

Agree with others except EVN which I saw as a buy just after open on Thursday.

S/L around 3.45 which I'd move up with the daily 26 ema close.

imo
fwiw

 

[BEISHA]

AKE agree

LTR bouncing around $3 for an eternity.

Anyone with a brain would have been out and awaiting a retrace.

If I was tradng LTR, and I always thought it was very predictable, then I'd wait for further falls.

Agree with others except EVN which I saw as a buy just after open on Thursday.

S/L around 3.45 which I'd move up with the daily 26 ema close.

imo
fwiw

Good to see you on this thread mate, would love if you could hang around and keep me honest with your charts and take...

You going well ?

 

[ptlas]

Good to see you on this thread mate, would love if you could hang around and keep me honest with your charts and take...

You going well ?

Thanks for those kind words.

Going really well, sorted my trading issues last year.

Thought that I should make an effort to justify my EVN comments.

Again, this is on my phone but this time to demonstrate how little info' one needs.
Just need to use it correctly.

RSI 14 trendline: I like it to start around the area where EMAs cross.
However, that would then only have 1 touch so I've started from the bottom.
The point here is that when RSI crosses below TL it is a pretty good sign to sell.
If price continues to advance, then I'll redraw TL with start at second touch.

My indication to enter ( & btw I'm not trading this) was when MACD-H turned up again (Wednesday) and EMAs crossed (Thursday).
When price touched 13 EMA - "the value zone" ( a level where one is not buying too high).

NB If you use two EMAs the longer one roughly double that of the shorter - I use 13 and 26 - then these crosses are very close irrespective of which EMAs one uses.

What would get me out of this imaginary trade would be a close below 26 EMA or RSI below TL.
Normally, these would occur around the same time but if not, the first one would trigger my exit.
Move S/L up with 26 EMA, would already be at break even.

Don't have a target, but will watch Bollies, volume and candle patterns.
Something for another time.

Hope this helps budding traders and gives them confidence that TA is not some sort of black magic.

There's obviously more to it than I discuss, but not much and it is all simple and logical.

Gonna be in Perth for AVZ AGM Tuesday and Wednesday nights.
Possibly leaving immediately after meeting.
Not been in Perth since 1986.

If anyone would like a meet up then drop me a line.

PS Not expecting a huge win on this trade, but 20% in a week or so repeated many times is a great outcome.
Anything more is a bonus.

Already at break even, the secret is to trust yourself.
Run winners and out when your system says.
Anything else is gambling.

 

[taofufa]

Very keen on topping up PLS

 

[ptlas]

Good to see you on this thread mate, would love if you could hang around and keep me honest with your charts and take...

You going well ?

Well yo're never gonna get rid of me now.

Thanks for those kind words.

Going really well, sorted my trading issues last year.

Thought that I should make an effort to justify my EVN comments.

Again, this is on my phone but this time to demonstrate how little info' one needs.
Just need to use it correctly.

RSI 14 trendline: I like it to start around the area where EMAs cross.
However, that would then only have 1 touch so I've started from the bottom.
The point here is that when RSI crosses below TL it is a pretty good sign to sell.
If price continues to advance, then I'll redraw TL with start at second touch.

My indication to enter ( & btw I'm not trading this) was when MACD-H turned up again (Wednesday) and EMAs crossed (Thursday).
When price touched 13 EMA - "the value zone" ( a level where one is not buying too high).

NB If you use two EMAs the longer one roughly double that of the shorter - I use 13 and 26 - then these crosses are very close irrespective of which EMAs one uses.

What would get me out of this imaginary trade would be a close below 26 EMA or RSI below TL.
Normally, these would occur around the same time but if not, the first one would trigger my exit.
Move S/L up with 26 EMA, would already be at break even.

Don't have a target, but will watch Bollies, volume and candle patterns.
Something for another time.

Hope this helps budding traders and gives them confidence that TA is not some sort of black magic.

There's obviously more to it than I discuss, but not much and it is all simple and logical.

Gonna be in Perth for AVZ AGM Tuesday and Wednesday nights.
Possibly leaving immediately after meeting.
Not been in Perth since 1986.

If anyone would like a meet up then drop me a line.

PS Not expecting a huge win on this trade, but 20% in a week or so repeated many times is a great outcome.
Anything more is a bonus.

Already at break even, the secret is to trust yourself.
Run winners and out when your system says.
Anything else is gambling.

EVN closed red today.
Heikin-Ashi green is the only reason to stay.

Move the stop up 1c 'cos it's good practice.

Not looking good, the only thing that would keep me in after romorrow is a green day.

 

[ptlas]

Very keen on topping up PLS

Interesting chart

Very interesting.

Things to note:

1. Longterm downtrend, commencing when short EMA crossed below long on 28 Aug. Marked with 'D'
The trend is your friend.
I wouldn't touch it, but it may be very close to a buy.

2. The completed bullish divergences DV (yellow arrows) that have preceeded each pull back to the value zone (between the EMAs)

3. Two large volume days ( marked 'X') that have occured at the same time as 2.
These have been a large red day folowed by a large green day
These have been almost exactly 1 month apart since July.

Today was a large red day.
Completed bullish DVs tomrrow?
Big green tomorrow?

What strikes me about PLS, that is obvoiusly different from most other stocks here, is it's MC.

This is an ASX 100 Blue chip company. MC $10 Billion
Admittedly, it's SP is tied to lithium price, but this is not a stock that's going bust anytime soon.

I believe that this is being played. Regular as clockwork.

Probably shorted down / allowed to fall with lithium price and then pushed further to trigger stops. Sold up into the value zone.
Rinse and repeat a month later.

BTW Lithium price sitting on support and showing signs of life.
This would have been a great short for the instos and may very soon be a great long.

For that though, It needs EMAs to cross and MACD-H to be green or almost green and rising.

@BEISHA I'd be interested in your take on this.

 

[ptlas]

Well yo're never gonna get rid of me now.



EVN closed red today.
Heikin-Ashi green is the only reason to stay.

Move the stop up 1c 'cos it's good practice.

Not looking good, the only thing that would keep me in after romorrow is a green day.

Well, it was a green day but that was the only good news.
Small rise back to Friday's close on falling volume
Sitting on S/R
RSI & MACD-H meandering as is the price.

No momentum.
Could go up
Could go down

No momentum, so although EVN is nominally in an uptrend, it is not rising.

Out for 15 cents profit less brokerage.

Live to fight another day.

 

[BEISHA]

View attachment 47968


Well, it was a green day but that was the only good news.
Small rise back to Friday's close on falling volume
Sitting on S/R
RSI & MACD-H meandering as is the price.

No momentum.
Could go up
Could go down

No momentum, so although EVN is nominally in an uptrend, it is not rising.

Out for 15 cents profit less brokerage.

Live to fight another day.

Interesting, so you are a scalper / day trader.

All good, whatever makes you a dollar, there are all sorts of traders out there.

Personally, i am a swing trader, looking for reversals, then get on and go long , but if i want to scalp , then i use the RSI 14 trend indicator, once bullish trend breaks, ( vertical red lines )...........get out, works a charm.

Or if SP drops below 21 ema.......get out.

Unfortunately, due to full time work, investing in penny stocks primarily ( most are in the orphan period ), i dont really get much of a opportunity to short term trade like you.....but hope one day i can quit work and just be on the computer and do just that, just need a fair whack of capital, which i dont have yet.

Anyway, is EVN on a bullish trend ?

I think so, half way thru sub wave 3 up, ABC correction complete, so if i had spare cash, i would accumulate now then wait for SP to break the key resistance 398, then BUY more.

imo

 

[BEISHA]

Interesting chart View attachment 47810
Very interesting.

Things to note:

1. Longterm downtrend, commencing when short EMA crossed below long on 28 Aug. Marked with 'D'
The trend is your friend.
I wouldn't touch it, but it may be very close to a buy.

2. The completed bullish divergences DV (yellow arrows) that have preceeded each pull back to the value zone (between the EMAs)

3. Two large volume days ( marked 'X') that have occured at the same time as 2.
These have been a large red day folowed by a large green day
These have been almost exactly 1 month apart since July.

Today was a large red day.
Completed bullish DVs tomrrow?
Big green tomorrow?

What strikes me about PLS, that is obvoiusly different from most other stocks here, is it's MC.

This is an ASX 100 Blue chip company. MC $10 Billion
Admittedly, it's SP is tied to lithium price, but this is not a stock that's going bust anytime soon.

I believe that this is being played. Regular as clockwork.

Probably shorted down / allowed to fall with lithium price and then pushed further to trigger stops. Sold up into the value zone.
Rinse and repeat a month later.

BTW Lithium price sitting on support and showing signs of life.
This would have been a great short for the instos and may very soon be a great long.

For that though, It needs EMAs to cross and MACD-H to be green or almost green and rising.

@BEISHA I'd be interested in your take on this.

PLS is a absolute blue chipper, money machine, low debt, pays a ripper dividend.

That long term down trend you speak of is sub wave 2 down and it can go rather low, normally it reverses around 50 / 61 fib, but not this time, has reached a key support zone at the 78 fib ( 379 ), went slightly underneath for a further tree shake, but...

a nice inside bar has arrived, notice the bullish divergence with the RSI 14 ?

Triple bounce off over sold 31, whilst SP creates a new low.

A reversal cant be far away, SP needs to escalate above the 21 ema ( yellow line ), before i get interested again, it has faked me out a couple of times.

imo

 

[ptlas]

Interesting, so you are a scalper / day trader.

All good, whatever makes you a dollar, there are all sorts of traders out there.

View attachment 47994

Personally, i am a swing trader, looking for reversals, then get on and go long , but if i want to scalp , then i use the RSI 14 trend indicator, once bullish trend breaks, ( vertical red lines )...........get out, works a charm.

Or if SP drops below 21 ema.......get out.

Unfortunately, due to full time work, investing in penny stocks primarily ( most are in the orphan period ), i dont really get much of a opportunity to short term trade like you.....but hope one day i can quit work and just be on the computer and do just that, just need a fair whack of capital, which i dont have yet.

Anyway, is EVN on a bullish trend ?

I think so, half way thru sub wave 3 up, ABC correction complete, so if i had spare cash, i would accumulate now then wait for SP to break the key resistance 398, then BUY more.

imo

Interesting, so you are a scalper / day trader.

Probably somewhere between the two.
Close 99% of trades EoD

Have a number of entry methods.
My criteria, though obiously different from yours, probably elicit similar trades.

For example GC crossing up through 13 ema, which itself is above 26 ema
(Elder calls this area between 13 and 26 ema the 'value zone' where entry does not result in overpaying)
Rising MACD-H which is green or almost green.
Hopefully +ve DV. Not essential
Long

Often use H-A to stay in

Exit RC / price drops below RSI 14 TL / Neg. divergences/stagnation
No hard rules just use the above to get a feeling.
Don't often have time to think deeply so need to react quickly.

Also, use a TView chart entry which works better over hours not minutes.
It was posted by calvo on HC
I really would recommend reading XJO threads there.
Probably only 2-300 posts per week so not much reading
Usual whingeing, unfounded accusations of trolling and personal insults etc but everywhere is going that way.

Two general things to note about DV which never seems to be discussed:

Alex Elder notes that DV of MACD-L is much less common than MACD-H
Look at charts on here or HC, virtually nobody uses MACD-L even though they give much more reliable indication of direction change.
Admittedly this attribute makes them much less frequent.

Secondly, and I don't think Elder implicitly states this.
I would only draw completed DV arrows of other indicators once MACD-H or L has completed a DV.
See my PLS chart where I draw 'incomplete' DV as dotted arrows.

This is simply because, for example with PLS, price and thus MACD-H can go lower and with it MACD-H and L.
This could result in DV not occuring.

For me MACD DV is essential for RSI DV to be relevant.

for example, the daily I posted a couple of days ago of PLS has still not completed it's DV

NB DV of MACD-L occasionally occurs without DV of MACD-H.

DV are great for picking bottom. Whatever rocks your boat.
Not so good for tops.

Because I primarily trade indices, ~50% of trades are short.
Entry requirements are roughly, but not exactly, the inverse of the above.

Would be very happy for this to be an ongoing discussion with you and anyone else that would like to contribute.

PS EVN is on a bullish trend, just the DT in me is not prepared to wait.

 

[ptlas]

IMU
Not a miner

Things to note:

Longterm DT

Elder describes 90%+ fall as a 'falllen angel' and one to watch.

Multiple +ve DV yellow arrows

Missing right shoulder (mrs) MACD-H. Didn't even go red.
Had it done so then would have triggered three +ve DV (green arrows).

Notable volume / candles yellow verticle arrows.

Has broken RSI DT

NB this scenario has happened previously and DT has continued.
One to watch-no buy yet.


ps
Like to look at weekly.
DVs occuring upto June. Not since.

200% increase in volume last four months.

Something brewing but not sure of timescale.

Be careful.
Have no idea of FA

DYOR

 

[ptlas]

AZY:

Rounded bottom?
Gotta love 'em

Daily:

Not so good.
One to watch

 

[ptlas]

Bottom?

Would like to see green MACD-H and cossing of EMAs

Weekly stll weakly, won't waste our time with a chart.

 

[BEISHA]

Bottom?


View attachment 48761

Would like to see green MACD-H and cossing of EMAs

Weekly stll weakly, won't waste our time with a chart.

Bottom?


View attachment 48761

Would like to see green MACD-H and cossing of EMAs

Weekly stll weakly, won't waste our time with a chart.

I reckon, PLS has found the bottom, reasonings....

a) multiple bounce off 355 support
b) RSI 14 bearish trend has been broken to the upside

For a bullish trend reversal to be confirmed, SP needs to get above the 21 ema / and or break the key resisistance at 403.

Sentiment: Accumulate ( SL to be placed just under 355 support )
Disclosure: I hold

CXO

Another stock i see has bottomed is CXO. Double bottom 32.9, HA has gone green tail up and has broken the upper TL to the upside.
RSI 14 is bullish, MACD borderline.

The one negative i see short term for this stock is the HOURLY chart..

RSI 14 is in the over sold territory, potentially SP could hit 40c resistance, then i would suggest a pull back may occur back to 36c support.

Sentiment: Watch / accumulate

Disclosure: I dont hold, but am getting itchy fingers, will hold off buying until 36c support hits.

AKE

Ake has now hit a key support line, indicators still bearish, but.....

Hourly chart looks bullish.

A break of 1002 resistance would activate a BUY.

Sentiment: Hold / Accumulate

Disclosure: I dont hold

LTR

Could the blue bubbles outlined suggest LTR has found its bottom at 152 ?
Indicators massively over sold.
There is a 20% trade if 175 resistance breaks ( 175 - 213 ), even more if you take a punt now.

Sentiment: Hold / Accumulate
Disclosure: I dont hold, but getting tempted

SYA

I reckon SYA has found its bottom too at 6.9 , but hourly chart suggests minor sub wave 2 down could be on the cards, with a potential drop back to 7.9 / 7.6c, so would wait until that occurs before putting the toe in the water.

Sentiment: Hold / watch
Disclosure : i dont hold.

Finally @ptlas ...

I reckon the Dow may have found its bottom too....
but a minor push back could be on the cards as it has hit a significant resistance at 34061, so could be a good trade for you once that pull back is complete.

imo

 

[BEISHA]

Hi All

Most lithium stocks remain under pressure due to the continuing weakness of the spot lithium price..

Its now reached a reasonable support line, with MACD histogram suggesting the low is in with receding bar lines, but if that does not play out, then we could see spt price drop as low as 100,000, which would mean the lithium sector decays even further. So, bearing that in mind, lets look at some lithium stocks in brief.

AKE

Bearish chart continues, on the path to hit major support 862, failure to hold there, then 710 support comes to play.

Indicators over sold but, due for a reversal but when ?

Sentiment: SELL / Observe

Disclosure: I dont hold

LTR

Currently SP is sitting on 150 support, if that doesnt hold, then 129 support comes to play.

Indicators over sold, due for a reversal but when ?

Sentiment: Sell / observe

Disclosure: i dont hold.

PLS

Sp has created a new low, last week i predicted the bottom was in, i was wrong.

A major support zone at 350 has been hit, failure to hold there, then 306 support comes to play.

Sentiment: SELL / OBSERVE

Disclosure: I still hold.


I will cover more stocks tomorrow, have a good saturday night, time to hit the piss.

 

[ptlas]

Hi All

Most lithium stocks remain under pressure due to the continuing weakness of the spot lithium price..

View attachment 49284

Its now reached a reasonable support line, with MACD histogram suggesting the low is in with receding bar lines, but if that does not play out, then we could see spt price drop as low as 100,000, which would mean the lithium sector decays even further. So, bearing that in mind, lets look at some lithium stocks in brief.

AKE

View attachment 49290
Bearish chart continues, on the path to hit major support 862, failure to hold there, then 710 support comes to play.

Indicators over sold but, due for a reversal but when ?

Sentiment: SELL / Observe

Disclosure: I dont hold

LTR

View attachment 49289
Currently SP is sitting on 150 support, if that doesnt hold, then 129 support comes to play.

Indicators over sold, due for a reversal but when ?

Sentiment: Sell / observe

Disclosure: i dont hold.

PLS

View attachment 49291

Sp has created a new low, last week i predicted the bottom was in, i was wrong.

A major support zone at 350 has been hit, failure to hold there, then 306 support comes to play.

Sentiment: SELL / OBSERVE

Disclosure: I still hold.


I will cover more stocks tomorrow, have a good saturday night, time to hit the piss.

"Most lithium stocks remain under pressure due to the continuing weakness of the spot lithium price.."

Too right mate.

Also, I suspect a severe recession is on the way. It may take some time to arrive. But if it does occur will reduce worldwide commerce and thus EV sales and battery production generally.
This may be the reaon why commodities generally are under pressure.

PLS:

Weakly in H-A format says everything.
Relentless downtrend continues

Daily: Continued divergences which have had no forecasting merit.

'The trend is your friend.'

I'd imagine that not too many shorts have been closed lately. Happy to be corrected.

The monthly pump is due around the AVZ AGM.

Falling knife

 

[BEISHA]

"Most lithium stocks remain under pressure due to the continuing weakness of the spot lithium price.."

Too right mate.

Also, I suspect a severe recession is on the way. It may take some time to arrive. But if it does occur will reduce worldwide commerce and thus EV sales and battery production generally.
This may be the reaon why commodities generally are under pressure.

PLS:

Weakly in H-A format says everything.
Relentless downtrend continues

View attachment 49380


Daily: Continued divergences which have had no forecasting merit.

View attachment 49383
'The trend is your friend.'

I'd imagine that not too many shorts have been closed lately. Happy to be corrected.

The monthly pump is due around the AVZ AGM.

Falling knife

Also, I suspect a severe recession is on the way. It may take some time to arrive. But if it does occur will reduce worldwide commerce and thus EV sales and battery production generally.
This may be the reaon why commodities generally are under pressure.

Whether a recession is on the cards or not........what is looming sometime next year is the mother of all pullbacks from the DOW

Dow is on the last wave up to complete the 5 wave super cycle.........wave 5 up

Within wave 5 up, its on sub wave 5 up, so when that completes, super cycle complete then wave 2 down follows, could look something like this...

I will sell up and go complete cash when i sense wave 2 down is on its way........

Anyway, a quick look at some trading stocks.

AKE

ABC correction still playing out, if 869 support doesnt hold then 710 support comes to play.

Sentiment: SELL / OBSERVE
Disclosure: I dont hold

LTR

Still a strong chance 129 support could come into play here, despite all indicators being over sold.

Sentiment: SELL / OBSERVE
Disclosure: I dont hold

PLS

Doji candle formed on the weekly, right on major support 356, failure to hold there, 306 support comes to play.
Common theme here.

Sentiment: SELL / OBSERVE
Disclosure: I hold

CXO

A real risk v reward stock this one, caught in no mans land, could drop to 28 support or very little resistance to 48c

MACD indicator is looking bullish, RSI 14 indicator is showing green tinges, SP flattening right out....so on the evidence of that, it appears little down side from here, but............

Sentiment: Hold / Observe
Disclosure: I dont hold, but its teasing me.

SYA

Carbon copy chart of CXO.
Could drop to 4.5c support, or could bolt to 11.10 resistance.
Which way will it go ?

Indicators suggest the latter, flattening out nicely, but....

Sentiment: HOLD / OBSERVE
Disclosure: I dont hold, but its tempting.

LRS

Lrs is getting close to my target 20 support line, but it aint strong and both indicators showing no sign of flattening out, RSI 14 is 43, not over sold in the least, so cant rule out 16 / 14 support from getting hit.

Sentiment: SELL / OBSERVE
Disclosure: I dont hold

FLT

One stock that i reckon is good for a trade is FLT.

Completed 5 waves, sub wave 2 down hit the 61 fib 1758 ( typical ) and now H - A candles have turned bullish.
A break of the 38 fib resistance 1983 would confirm change of trend.

Sentiment: Accumulate ( apply SL at purple line 1721 )
Disclosure: I dont hold.

Thats a wrap.

 

[Moorey]

Hello,

Could I grab anyone’s opinion on Power Minerals (PNN) formerly know as Pepinnini Minerals. Very low MC with what looks like great projects not sure if the market is just asleep with this one.

Thanks!