LFR have ongoing Zinc developments and recently announced a high grade cobalt and copper project. Awaiting top side break before considering entry
HZR put in a solid inside bar today after bouncing off both the 50% fib retracement level and the previous resistance line which should now act as support. Expecting to see this trade in range for a few days before moving to the next resistance hurdle at 58c FA behind this one is well worth looking into also as they aim to be the lowest cost hydrogen and high...
LPI has consolidated the last move from 30c to 45c and now clearly broken the down trend on significant volume. The company will be strongly motivated to get the LPIO options "in the money" to take advantage of the $20.6m capital available if converted therefore strong new flow is expected. Flag break gives a target of 53c, options require 55c before being of value
Weekly shows a strong channel has formed on ASX:JRV , overall scandium, cobalt and nickel sectors are bullish. Likely to test channel tops in coming weeks
With the oil and gas sector currently in the spotlight due to increasing East Coast gas prices the sector is seeing reasonable growth. Government subsidies are helping small explorers realize their production ambitions. Due to the prior downturn in gas prices the drilling and completion costs have been heavily challenged with some companies reporting costs have...
Starpharma is posting some nice technicals that may be indicative of another impulse move See previous analysis on Starpharma
This low MC ASX Zinc stock looks to have formed a double bottom on the weekly with volume having dried up at a previous SR line. Strong possibility for a uptick over the next few sessions. Overall Zinc market is bullish with $NCZ a notable success recently. Key #Zinc project numbers www.proactiveinvestors.com.au - Net present value: US$1.034 billion (US$909...
Good volume last week. Looking to go long with weekly close above 0,32, ideally with volume. Second choice is at the base of triangle. Sorry, the chart is too enlarged, I can´t edit it,
Looking to add to position during possible pullback or after breakout of 0,60 resistance. Scaling in/out during trend with partial positions.
CBA break of bullish trend. Possible indication of further declines
P/E Over 24 P/B 1.11 Last yearly report, net debt was wiped by well over 100m leaving only 216m left. Debt may not be completely wiped, but a hint at dividends returning could be possible. Operating profit returned positive after two consecutive years negative. If net profit after tax exceeds 70m and debt is decreased by 50m+... This will be fantastic. The...
ASX 200 Material Index could be on its way to completing a head and shoulder and a double top price pattern. The index closed on Friday 18-8-17 at 10223 down by -1.00% a critical support price point. In the last 14 trading days, the Index had 2 failed attempts to break above 10223. However, it was successful on 7-8-17 but failed to hold and within four days was...
ASX 300 Metal & Mining Index closed on Friday 18-8-17 at 3093 a critical support price point which had four consecutive failed attempts in the past five months and was recently successful on 4/8/17 but after seven trading days it is showing signs of weakness to maintain its trading activities above 3093. Three things could happen in the coming weeks. 1. The...
$ASX:DDR has broken out of the consolidating pennant formation with an impulse move from 2.44 to 2.75. The price has subsequently retraced to retest the previous resistance turned support zone and presents a high probability buy opportunity.
Portfolio Manager Patrik talks Next trade = to open short at 6,40 USD /STOPLOSS 6,54 USD = 2,2% TARGET PROFIT 5,45% = 14,77%/ BE at price 6 USD >> 65 %
Fortescue has gapped down from the daily 150MA on the back of iron ore, may attempt to close the gap then sink again