Following a break of the medium term downtrend (from recent peak), last week saw the break of the 50 and 200EMA, then 2 days ago a small sell off and retouch of both, followed by a reversal suggesting a continuation of the recent new uptrend.
MACD still positive and RSI still rising on the daily chart.
Position ahead of trading statement on 7 Sept, which follows...
Set up nicely on the 200MA, which is also short term 10p support line. RSI close to oversold and MACD showing positive divergence. 50% down from recent highs, fundamentals remain strong with BFS publication expected 1/2 months.
Bulk of mine finance package now arranged, small residual left, which has been recently reduced in size. Finalising this should trigger re-rating. Excellent economics when fully developed. Approaching break of 200MA, RSI climbing and MACD looking good. Triple bottom in place.
2nd phase of consolidation, expecting breakout to be triggered by heavy news flow from further drilling data and feasibility study related data (FS expected early 2018). Soon to enter development phase and popular copper related stock. Stock tightly held and moves quickly on light volume.
Month's in the waiting, like the look of this one now, but waiting for a drop back (handle?) in seeking the optimum entry point. Potential cross of 200MA not too far away now as time progresses. RSI & MACD turning, so good chance of seeing the drop back. 3.60 and the 50MA looks good to me. LSE:OXB
Back to all time lows and a few sign of the bottom being in and looking to turn. Very news flow dependent this month with financing news due. Could be a tremendous rise if successful. Blotto if not. Longs at 0.29 available at this point. LSE:KEFI
Up and down like clockwork for 6 months now. Lots of triggers due short term. Perfectionists may want to wait a tick or two for the optimum entry point, but looking for an initial rise back to resistance at 3p. High quality, long term hold. LSE:ARS
Still in a consistent, long term trading range. Watching for the confirmed break upwards from 3.7p (will need hi volume to break 4p). Holding above the 200MA more recently which is keeping things tighter. Wait for now. LSE:JLP