I wonder if the 13:00 gap up in IronOre prices will inspire a few buys in UFO. An Golden Cross looms for the Boring Base Metal. Silver doing its consolidation thing above $30. Palladium finishing off its Big Bottom turnaround. Even AXX has scraped back above the 50ma.
Looks good from my seat...the boxes keep getting ticked off by our interim BOD ready for a suitable CEO to take the reigns.
Its coming, you just need to see past the paralysing Fear.
On another note, Automotive stocks look like they've found the bottom rebounding from Oversold levels. Palladium looks a good Trade down here currently at the lows of a big rounded bottom.
Yep Max, simple buy at prior low and wait for the signals to start rolling in. MACD X should be the first in early next week. Looks like the 0.81 Block stop loss trade has been bought. Now for the larger one at 0.9 to be bought. After that I’d expect a bit of momentum to take this back to the 0.teens.
Shame we got a BOD meeting soon. All the news is out there, doesn’t need another repeat IMO.
RE: Resourcing Tomorrow conference6 Dec 2024 10:18
I would say technical buy signals are very close... MMs still hold plenty of shares they willing to sell on the cheap. 2 x Block stop loss trades have given them plenty to sell down here. The traders will be keeping a very close eye on available stock.