Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
http://img716.imageshack.us/img716/7297/image002im.jpg I mentioned the other day how i thought that WIN could be in a potential classic bull flag formation from the down trend from early Feb and then the raise from july to where we are now.Lets see if it plays out how i would hope.
OK! off out now and roll on next week.it could well be a biggy for EXI ;)
My only concern chart wise is that,on the weekly chart if my memory serves me right,this is still in a down trend.That is why the breach of 140p is so important before taking a position IMHO!
my thought is that once 140p is breached i think that we will see a step up in the pace of movement in sp,north that is.as i have said it may set up a bull flag around that area first on low volume,but it just cruised through the 120p resistence so will have to montior that.A buy in around 140p would be a good entry point i think as things stand.ATB
http://img580.imageshack.us/img580/6113/image002tp.jpg Thought i would post a chart to explain my thoughts on EXI.As it shows there is resistence at c140p and historic resistence at c180p.The MACD has been up trending against a flat lining share price(divergence).This normaly indicates that a break out is due and indeed it happened all beit gradualy.We are now near the 140p resistence and i would expect a bull flag to set up here on low volume before an advance onto tackle 180p resistence.This ,to me,looks to be a classic bullflag set up in itspurest form.the share has been trending down for more then 6 months and the rise is a nice gradual one.Lets see how it works out!.
I'm just being a little quiet because i dont want to blow it...you know when you say something will happen and it does not work out like you thought,but i am,Sssshhh!,quietly confident about this one ;)
SSSSShh!: Not going to speak too loudly,but i think i have found a candidate for the bullflag set up in the purest form again,but in an even more early stage then WIN and its EXI(sshh!).It has been down trending snce july/aug 2011 with a few relief rallies along the way.In a post on my GC board on 4 th july i mentioned that it had "pot holed" and said that it was a bullish formation.It trended sideways just under 100p until the end of july and now it is quitely but surely drifting up in small daily movements and has remained in over bought on the RSI since early august.MACD trending up also.It has quietly broken resistence at 120p and IMO,when it breaks 140p it will spring to life and really move.I think a bull flag will set up around the 140p point first and when it does i will be on it.It is now trending up over an upward sloping 50dma,but below a down ward sloping 200dma which is my only negative.When 140p breaks i would expect a rapid rise to c200p for the first target....Shhhh! ;)
keep your eye on IOF.i have held at 38p there for this breakout over 46p as i thought it would lead to rapid gains once broken.....patience has paid off!
Welcome! VGM has been in a down trend since late 2010 and has recently "double bottomed" off near the 2009 low.It then bounced on news of the "vote of confidence" from china and retreated when it came up against resistence at c42p.We are now in a correction as nothing goes up in a straight line.i dont expect much more of a retrace,unless the markets world wide go t i t s up.36p and no lower then 32p in my mind,not that i am saying it will go that low.A break over c42p and the next target will be c55p.ATB
The investment in Vatukoula Gold Mines (LON:VGM) by Chinese firm Xintai is a big vote of confidence in the Fiji-based gold miner according to broker WH Ireland. Xintai will invest £10.3 mln in Vatukoula for the issue of 20m new ordinary shares at a 60 per cent premium to the market price at the time of the deal. The broker said the agreement reinforces its belief in Vatukoula going forward, especially as it improves production flexibility as its Emperor Gold Mine in Fiji. Development in the Prince William and Dolphin ‘flatmake’ ore bodies will improve tonnages and grade to the mill and lower unit operating costs, WHI added. Early indications are that the investment is also just the beginning of a developing relationship between Vatukoula and Xintai, with Xintai expressing an interest in raising its stake further to perhaps 29.9 per cent and gaining two seats on the board. Vatukoula intends to use the proceeds to fund the underground development and the improved access to higher-grade zones, while a a partner of Xintai will provide research and technological expertise. WHI concludes the deal is very positive for Vatukuola and reiterates its ‘buy’ recommendation with a price target of 122 pence.
not 100% convinced the bottom has been found here yet.i think this is a bear flag setting up that could take us to low 80's if 99p breaks as support.
This vote of confidence by China i think is the game changer,but when it is backed up by good production results then it will massively de risk this....Keep us updated here and on the other GC when you get new info mate ;)
"sexpect" one track mind me thinks ;)
I quite agree mate! but i like to keep the odds stacked in my favour and once this stabalises over c40p in a flag/consolidation then i will be all over it looking for my entry point.we were talking about china buying into goldies on the GC board and it looks as if that is what they are doing.Sexpect alot more of it in other small cap goldies ;)
"VGM: Notice there has been alot of talk about VGM,but i'm not feeling the love yet and it is not on my list of goldies for now or turn around shares.The pro points are it has DB'd nearish the 2009 low and bounced.It is over the 50dma,but thats about it.The cons are that the 200dma and the 50dma are still sloping down and have been for a long time as it has been in a down trend from late 2010.the RSI is now over bought after a higher volume rally.There is strong resistence at c40p and c50p.so the cons outway the pros chart wise for me.now if it sets up a bullflag here,which it may be doing today,then it will get more promising,but for me until it clears atleast 40p i wont be interested......BUT it has potential"...........Things have moved on since then with the big jump in sp,but it stalled at c42p and dropped back to confirm my thoughts about 40's being a big barrier.I would still not consider investing in here(thats me that is I am not advising you) untill it breaches 40p and holds,but things are looking much more positive now.ATB
on monday i posted here that is 73p support was to go then 60p would be seen..it has gone a little further then that and,thanks to that RNS,quicker then i thought.Investors are so jumpy and are quick to pull out at any sign of weahness in an investment.ATB to the holders here.
you are quite correct mate there is support at the 52p area...I was just stating the full retrace senario of the back test to 45p...The bounce off 52p today does look more promising!
nice news here guys! Well done to all that are in already with an average lower then this....I will consider investing here when i am happy 40p is breached and will hold.GLA