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FBT lining up for a move back to the 13p resistance if it can close on the weekly chart above 7p http://www.screencast.com/t/wRduNJ879y5 plenty of news still to come out of FBT, including the big POC news which should come out before year end. could be a very busy couple of weeks and that 13p resistance might get smashed if right news comes along. ive been loading up ;)
watch out for the breakout on CNEL http://www.screencast.com/t/dqy19iMHem looking for a close above 1.35p next week. if it is then game on! then a boom RNS would help it along nicely.
AMC target for 16p in coming weeks http://www.screencast.com/t/8WCgQ3EKcJF5
breakout on ARS http://www.screencast.com/t/4JCWNyq37vwO broke out today from wedge pattern indicating a bullish move upwards. healthy candlestick with volume to confirm breakout. 5.5p-6p could bring some resistance due to being the top of the trend channel. on a weekly view http://www.screencast.com/t/v2A5RbzQf still within a long term down trend channel since 2009, SO is currently within a up trend channel since 2014 so could be trying to stay on this up trending channel. on weekly there is resistance around the 5.5p-6p as indicated in the daily chart then also resistance around 7p from peak resistance on the longer time frame. possible area for consolidation before next leg up. could still bring in a nice 40-50% return.
http://www.screencast.com/t/z3eEMNaRUT5 if the 2nd chart doesnt work
PIPEHAWK (PIP) revisited... last year i posted a chart on a set up for PIP around the 3.50p area. http://www.screencast.com/t/roHGYqfhzp9 in the chart i mentioned a run up to 10p the following year. it managed to get to the top channel resistance around 8p mid april time. the chart is still on for 10p. i managed to play this swing and got out near the top when it reached the upper channel resistance. my original target of 10p still stands for this year and its looking like a good chart set up once again for all who missed the first shout on it as seen in up to date weekly chart below http://content.screencast.com/users/scotlouie/folders/trend%20line%20bounces/media/4498fd91-ea88-4e21-b1c2-235b5f7a1d88/pip%2021.07.17.png still trending within the blue channel over the long time frame since 2011 and has already bounced off it 4 times with this one possibly being the 5th. there is long term horizontal resistance at 2.5p so if current support does break there is still the 2.5p which could act as support before next push up to the upper channel. just coming off from daily oversold and near oversold area in the weekly chart also. PIP does have a big spread just now normally between 25-30% which will narrow the more liquid the stock becomes. keep watch of any movement as could be a good trade. ill be watching over it :)
ADJ, you asked about WSG below is updated chart http://www.screencast.com/t/Ldu04vkD on the weekly chart ive drew a strong support/ resistance area around 22-25p as you can see this area goes right back since 2011 and has held up several times as resistance/support. this area will once again be tough to punch through on 1st try. it is this area that looks to be is where the neckline of the inverted reversal head and shoulders pattern (in red square on chart) seems to be so that will add to the resistance at that area. SP is currently within an uptrend channel within a longer time frame channel. this current channel may be peaking around the same area 22-25p which in my eyes may need a breather and come down to 20p before next push above the 25p (arrows shown on chart) so in my view 22-25p will bring in a selling (or offload) target for myself after buying between 11-12p on the longer timeframe then upper channel is upwards of 40p but reckon its going to take time for that over several months or.... the BIGGIE!!! if and when the big £35pa contract lands then could easily head over 50-60p and momentum could send it to some crazy heights when details of the contract is released. the daily RSI is heading to the overcooked area so this may line up to that resistance 22-25p area as mentioned before. still looking healthy overall ADJ and im currently holding so its happy days!
Dazhahs, managed to get some time to chart up HNR; http://www.screencast.com/t/SuUNW9OL ive been been keeping up with HNR news feed so this is only TA view and not fundamental as i have no knowledge what news is expected. SP broke out of the up trending blue channel in dec then had a retest, this failed to punch through then hugged along the new red down trend channel until the early 20's.SP is currently within an uptrend but most recently have hit the peak resistance from the red channel. IT also looks like it has just finished the 5th wave in the elliot wave within this current up trend. might be a bit of resistance around the 34p area from the top of the red channel resistance but if it punches through this i see no reason why it wont try attack the previous trend channel in blue around the mid 40's. the RSI is trending nicely along and not overbought yet so this could be possible. just watch out for the retest on the current up trend line (in black) around 29p. if this fails then it will be giving off a bearish signal to me interesting to see which way it will go currently im not in but will keep watch over it
5 bags on SML shout at 0.4p looks good for a 10 bagger!!! (ive sold out long before) and anyone remember good old PIP? http://www.screencast.com/t/roHGYqfhzp9 that 10p target will come!!