Michaeljob

Transcendence Technologies Limited which has a market cap of around $3.5m has recently demonstrated a clear change in attitude after an extended down trend with circa 5% of the shares on issue traded last week. The shift appears o have been instigated by the appointment of Pat Burke as NED. Mr Burke has extensive legal and corporate advisory experience having ...

SL1 has remained in down trend since the 4.2c high in July but is now showing signs of a return to strength. Mid September volume reached an all time low around the base established at 1.8c, since this low the volume has stepped back in lifting the SP to the first resistance point at around 2.5c where significant volume has remained. The next resistance point in ...

$GMC has moved up recently on strong volume setting up for a potential C&H, with the pull back to date on relatively low volume there is a reasonable chance that the pull back will reach 50% from top at 1.6c, should the continuation play out the target will be 2.9c representing a 81% upside move from entry. With a stop at 1.3c the downside would be limited to 19% ...

$HZR and by association HZRO looks set to break to the upside in coming days and will likely present some opportunities. There has been growing pressure on the supply range at 30c for several weeks now and as the range trims the likelihood of a break increases. The gap at 31.5c is first target which is around 7% from current SP and this will set the scene for a ...

BDA have formed a cup and handle continuation on the weekly, should the handle break to the upside the TA based target is around 90c representing an upside move of around 60% from the entry point of 55.5c. Volume will be required to confirm entry criteria 05/06/18- Bod signs agreement with Symbion, national wholesaler of healthcare services and products. ...

After 4 months of base formation and several tests of the 100 MA, each test to date has been more rapidly rejected suggesting that solid support exists. $ATC today began to break to the upside. With the high purity alumina sector heating up this one may go on to test all time highs with the first major test at 20c

KRM an Indonesia based gold producer has over the past few months formed a wedge indicating a potential reversal. With plans afoot to increase mine production a potential catalyst exists to move restore investor confidence.

LOM has formed a reasonably clean cut inverse head and shoulders pattern which is currently challenging the neck line. With a ongoing news from existing diamond mining activities and upcoming exploration work the catalyst for a break seem likely to present. First target is set at the support/res level at 37.5c with the second target at 42.5c representing 27 ...

Hazer the only? hydrogen play on the ASX have been smacked down by a large founding holder, the question is greed or ignorance. The sell off has bee at the hand of one large seller while the outward facing metrics have continued to improve, Over the coming sessions it will come to light if the selling has been ignorant or inside, should it be inside the seller ...

SP3 since early March has been respecting the channel in an upside move, having today touched the base the set up is open for a trade. If the move plays again then a move of around 25% over coming sessions is possible to again test the top of the range

AVZ exploring for lithium in the DRC has been a well 'promoted' stock which valuation wise clearly overreached the project stage. Chart wise it appears that fear and tax loss selling are in control currently and are likely to define the action over the coming weeks, this may present a trade opportunity for entry at the historical support level or 10c, should ...

MOD a Kalahari Copper Belt explorer are actively defining a large copper resource. Current bull case based on the small portion of the tenements explored to date is for a USD2.3b copper resource (coincidentally there are 2.3b shares on issue therefore $1 of resource per share), as they continue to drill out the targets this resource is expected to grow. AISC ...

A morning star reversal has formed on the weekly chart for $AVB, with the backdrop of a strong gold price and pending updates on the 2m oz project this trade concept provides a solid R:R When the pattern last played out in mid 2017 a 24% rise occurred which faced resistance at previous support. The exit has been chosen at the old support level of 9.5c which ...

The weekly chart has developed a near text book cup and handle technical set up with the handle over the last 2 weeks receding to the 50% level, should this play out an entry at 70.5c will deliver 20% profit at 84.5c exit just below prior resistance, for the brave a secondary target exists at $1.285 should the pattern run to it's full extent representing an 80% ...

MOD Resources are aggressively defining a large scale high grade resource in Botswana, at least 8 rigs are currently in action with several other price catalysts anticipated near term. There are close to 2 billion shares on issue therefore this tends to move somewhat slowly however as has been seen by the historical shifts when it does move it can be significant. ...

Long term trend line has broken suggesting a larger pull back may be required. The company have appreciated around 1000% over the past 6 months and the buyer reach appears exhausted. Key support at 12.5c is the target for this short trade concept

Andrea are currently teetering on the long term support of the key trend line. With adequate cashflow and upcoming news flow from the PFS I am expecting to see a bounce from this key support over the coming weeks Target entry is $1.235 with target exit at $1.545 giving a 25% upside on a successful move with RR of 1.94 considering stops at 1.075 Andrea are ...

A solid risk vs reward trade looks to be setting up on the Bathurst Resources chart. We are seeing the 200 day MA and long term trend line looking like meeting at the volumetric support zone of 13c The trade is it plays our will be entered at 13c with a exit or 16.5c on the first likely resistance point representing a 26% move from entry and a 1.75 risk/reward ...