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have been busy recently but now looking over the posts. i have to say i recon home builder stocks may be a bull trap. the recent price strength indicates expectation business will be great, anything else will surely be a dissapointment. im very interested in NAD, there seems to be a lot of upside and positivity buzzing around, the fundamentals look pretty solid too. are any of you guys in? wondering what you consider a suitable entry / stop for this one?? ive been trading POG recently long and short with good sucess, check it out im pretty confident this ones set up for a bull run. will check out 888 and get back to you jonc
Your chart is certainly in play, although it will take catalyst to take it down that far. So for the moment i think we are probably within 200 points of the bottom. I am a great believer in these wave cycles. Also if it does it will self correct fairly quickly. You know how it works market shoots down the FEDs and ECB panic and set about introducing fiscal easing and up we go again.......i think we will be floating around for a few months yet. Plenty of good news around lol
http://screencast.com/t/iTwc4woC comments welcome
WIN certainly looks interesting- will keep an eye there! cheers buddy )
Fully agree with RW's take.. we will find our winners(like shft) by bouncing thoughts off, watch this space for DQE, TSTR and others. The more I look at NAD, the moreI like the looks it, especially within this market. Jonc- I havent had really the time to look for flags but will certainly put in some big effort towards end of week/ over weekend. In the mean time will be interesting to watch where ftse and dow is heading atb B
Haha! You see thats how i know that you only play with TA and cut and paste any decent stuff and the rest of what you say is pretty poor. A TA guy would have been watching for the fall on the indices aswell as individual stocks and predicted the indice fall and this affecting their view of other stocks. However, if they have done their TA correct they will know that a stock will move irrelevant of the indices anyway. The indice fall mate is just a cop out. Just a tip for you mate.....the longer and larger the 'bull pennant' takes to form , like a sliding scale, the less likely it is to be one and will turn out to be more like the unpredictable 'symmetrical triangle' instead. Which is what happened. Anyway, whats all this about you being banned for using multiple I.D's !!!!!!! Tut tut! Why do people feel the need to do it? Sad!
I will certainly have a look at WIN. I generally dont invest in commodity stocks, but then again if the right opportunity arises i will. Thanks for the tip. Always grateful for prospects from respected guys like yourself. GL
Good luck with SMDR. Hope it comes good. Once they get the rights issue away should do. GL
Selections hold well. Particularly TSTR and SHFT, see your DQE also had a good day. I am still looking at BLNX which has come back into range, but at the moment i might hold back. Very tempted to go for it, thats where the discipline comes in i guess. I took a small hit on GBO sold half at 23p this morning releasing some cash. You cant win them all. It looks like some of the commodity AIM stocks have caught a few out, even experience traders here and elsewhere. All part of the game........ Not a bad day overall though. GL
Looks like i got that IOF one right mate. Turned out to be a symmetrical triangle after all rather than a 'bull pennant'
Sure is...... Hope you had a good break. Appreciate the effort you put in finding so many possibles. Hopefully we will hear some news with regard to TSTR. GL
Elroy, Thanks, Appreciate the feedback and its always of high standard. I have not had time to look at the from a fundemental view. A quick look suggests AEP and WTB a good possible prospects. Both maybe priced in for the current market. AEP have a possible issue with bad weather effecting the new plantation which would have been the driver. WTB solid share with possible upside, costa coffee has been the primer, further newsflow on this may spark some more upside. The others have question marks as regards fundementals, not sure there are the obvious drivers in place. Need to have a more in depth look though. Joncs. I will have a look at the others. Great work. Keep an eye on BLNX for possible short term play may need to come down a little further. Market has priced in bad news and there is plenty of speculation on possible tie ins or takeover. GL
xch has a great pattern; exactly what I look for, but heavy resistance at 114p, so R:R not great. AEP is a beauty. All time highs. AUL actually shows weakness in its consolidation - the move from 25p - 17p was much stronger than the current move up. ANR I'm in already, but not convinced. Others look decent, but not my cup of tea - bit illiquid to spreadbet and get in/out quickly. WTB is my fav at the moment. Just broke out to all time highs. May have re-tested the breakout point on Friday.
yep - flags my favourite too. One addition - look for flags with a 'super shallow' retrace of less than .382%. Flags with this characteristic show very little countertrend strength. Also, look for right skews - lots of overlapping bars and complex pivots on the retrace, straight up and strong on the eventual break. These structures give the highest success. I'll have a look at your tips later. GL.
Good clear description on what we're looking for- will definately put some hours in to find them as i do have some pressure to perform. The next day or 2 however I wont be at at the screen much, but then i'll start digging. Even those stocks that are not there yet we can put on watchlist and see when/if pattern develops- like Ridingwaves said, if we have a selection already it can help a lot. We'll find them flags! lol
Excuse the grammar on the last post. The standard bearish trend line correction opportunity was SHFT. This is where everything fell into place and nobody from a TA worth their salt can argue that the Chart and bearish trendline breakout off a classic rounded bottom pattern is not a great trading opportunity.
Dont get dishearted. Will value you opinion and TA, it is not plagiarised as inferred by some and i confirm that. What you have managed to identify is a number of good opprtunities and i will explain why. Near all the opportunities are characterised by a extended bearish trendlines and it is the breakout from these with other indicators supporting together with the fundemntals the opportunity to trade with a greater upside than in a standard correction. It is by farming a group of these that we can identify more easily the ones to select at the right time. There is absolutely nothing wrong with this strategy and if we can get a good selection of these then we can all benifit When they are ready to harvest. So your input is appreciated along with BERT and others. GL
You certainly have spotted a good one there. Another one to watch. Resistence around the 69-70p. I will definitely look at that one more closely. It is good to have a number of these as it is easier to time the entry point. Well done.
Highlights from 10-4-12 production update rns time for bed i guess.. lol
Definately worth looking into imo Highlights from 104-12 production updat rns -------------- -- Rutile production increased 48% to 20,693 tonnes vs. 13,977 tonnes in Q1 2011. -- Ilmenite production up 57% to 4,960 tonnes vs. 3,155 tonnes in Q1 2011. -- Full-year 2012 rutile production guidance of approximately 80,000 tonnes maintained. -- Significant cash generated in the quarter. Cash balance of $35.1 million (as of 5 April 2012) vs. $10.7 million at 31 December 2011, after spending $10.4 million on capital and the D3 feasibility study during the quarter. -- Expansion projects on track, first items of plant and machinery now landed in Sierra Leone. -- Due to strong cash generation, SRL does not anticipate it will need further financing to fund the dry mining or Mogwbwemotailings projects. --------------
no free funds at moment man! lol. So just keeping tabs on possibilities should I manage to free up some. Did you get some NAD? I'm quite keen on them, but guess I'd have to wait for consolidation/retrace
Interesting- got BLNX on my watchlist too! Another one of my old favorites as well is SRX, top stock!, at the moment it seems ready to start new leg up- if so, it will be breaking new highs. Something different from the stocks we're currently looking at which are bottoming. This one is at the top but imo still huge upside potential. http://screencast.com/t/MyWjSTe4M The following is from January, http://www.stockopedia.co.uk/content/lse-srx-sierra-rutile-the-african-hidden-gem-at-london-stock-exchange-63437/ so no new news but gives you idea what they about- curios about jonc's take here too
did anyone buy ABG today? my buy order missed by 1p lol. will probably have another go tomorrow. gold has been in a trading range for a while and quite low currently so holding this beauty back for my entry :) have a look at EMED, interesting pattern developing and it may be close to breaking out of the wedge
The market is in a strange place at the moment. Indecisive. I have been keeping my eye on BLNX maybe for a quick turnaround . Timing there is paramount. But like you i have my funds committed. I will keep an eye on IOF but only concern is fundementals, but if the delivery happens that would change. I will look at AYM though. Thanks. GL.
Seems like news releases is definately not one of TSTR's strong points- as waiting is not exactly one of mine! lol. But behind the scenes there are something big building up, that is pretty obvious and that exccites me too! Good to read through new brokernote- lots of info there, but what will make a huge difference sp wise if it is officially announced by RNS. We sure are on another good one there! Anything new on your horizon? Cant really move onto other stocks at moment as tied up in ones that I'd like to see play out to my targets. Nevertheless keep on scanning through percentage and volume movers to pick up on stocks that could break in weeks coming. AYM being one of them.