AAR - Astral Resources

maverick11 said:

bummer, down she goes now. Anyone still holding or doing a panic sell? I should have sold yesterday and bought more today while everyone is selling

oh well, still holding

Click to expand...

what panic sell out you're talking about , this is not it , the real panic sellout should really hurt.

what heappened this morning is our traditional regular "fill the gap" routine!!!

Many still holding & its a matter of time to when their patience will run out.

cheers,

well guys, its been an awesome ride - sold out for a 3k profit at 7.8c

will of course buy back in on weakness - good luck everyone

This stock has gotta collapse in the next few hours, at worst by the end of the day, esp being FRIDAY...????? Lookin pretty sad now... IMO

I do like the sellers though, holding it up.....

We have now filled the gap, and it has shaken a lot of the day traders loose as to be expected (when you don't get daily announcements), this is a smart company who are taking their time to bring Koongie Park to mine (by themselves). Not to mention the company, has not yet, even once - tried to market the story in any scale.
The fundamentals and the story here, still have not changed, Onedin results reiterated its huge potential..... and then the announcements to come, upgrades to West Mandilla, extension drilling to the East, re-confirmation at Sandiego, and the potential for extension drilling at Koongie.
There is no way I would be selling here at all....

it hasn't slammed as hard as i expected. Might get back on, anyone thinking the same?

Still tenuous imo.

Surprised it hasn't been crumped so far though...

yeah i agree, and i am suprised as well. Still getting massive volume today and the sp is holding up well. Might see how it closes and keep an eye on things tomorrow

Imo, strong finish today will mean that its time to continue the run tomorrow. if not, then I guess few more sideways days to come.

Volumes increase and Price at 7.5c

I guess I'm not the only one watchin it...not....so does this mean it [[prob]] won't hit those low (below 0.070/0.063's), given traders are willing to buy/sell mid 7's or could it still fall further as the vol isn't the same as b4 (equal buyers/sellers).

I am pretty new to the stock forum. I therefore will not be able to comment. They are up to 7.8c

what sort of size/resources/mine life are we looking at? capitalised at over $40M and probably needs an equity raising to boot.

Someone beleives very strongly in AAR putting $154K (2million) sitting at 0.077)

Is that U RichKid....???

AAR held very nicely above $0.07 and forming quite a pennant...

Pennants are short-term continuation patterns that mark a small consolidation before the previous move resumes. These patterns are usually preceded by a sharp advance or decline with heavy volume, and mark a mid-point of the move.

Sharp Move: To be considered a continuation pattern, there should be evidence of a prior trend. Flags and pennants require evidence of a sharp advance or decline on heavy volume. These moves usually occur on heavy volume and can contain gaps. This move usually represents the first leg of a significant advance or decline and the flag/pennant is merely a pause.

Flagpole: The flagpole is the distance from the first resistance or support break to the high or low of the flag/pennant. The sharp advance (or decline) that forms the flagpole should break a trend line or resistance/support level. A line extending up from this break to the high of the flag/pennant forms the flagpole.

Pennant: A pennant is a small symmetrical triangle that begins wide and converges as the pattern matures (like a cone). The slope is usually neutral. Sometimes there will not be specific reaction highs and lows from which to draw the trend lines and the price action should just be contained within the converging trend lines.

Duration: Flags and pennants are short-term patterns that can last from 1 to 12 weeks. There is some debate on the timeframe and some consider 8 weeks to be pushing the limits for a reliable pattern. Ideally, these patterns will form between 1 and 4 weeks. Once a flag becomes more than 12 weeks old, it would be classified as a rectangle. A pennant more than 12 weeks old would turn into a symmetrical triangle. The reliability of patterns that fall between 8 and 12 weeks is debatable.

Break: For a bullish flag or pennant, a break above resistance signals that the previous advance has resumed. For a bearish flag or pennant, a break below support signals that the previous decline has resumed.

Volume: Volume should be heavy during the advance or decline that forms the flagpole. Heavy volume provides legitimacy for the sudden and sharp move that creates the flagpole. An expansion of volume on the resistance (support) break lends credence to the validity of the formation and the likelihood of continuation.

Targets: The length of the flagpole can be applied to the resistance break or support break of the flag/pennant to estimate the advance or decline.
Even though flags and pennants are common formations, identification guidelines should not be taken lightly.

It is important that pennants are preceded by a sharp advance or decline. Without a sharp move, the reliability of the formation becomes questionable and trading could carry added risk. Look for volume confirmation on the initial move, consolidation and resumption to augment the robustness of pattern identification.

& I say the pattern now is a slow downwards dribble
Did you jinx us Kennas or was it me? :
I guess I should be saying that the current dip presents a good buying opportunity.
Comments.

i've been watching this one. I think it would be good as a short/day trader stock. Bounces between high and low $0.06's with decent volume. If i had loose cash I would probably consider putting an order in at 6.1cps

Looks like this one could be on the move again after today's positive ann

EEE said:

Looks like this one could be on the move again after today's positive ann

Click to expand...

Yes, overall it looks very good but have to do some focused calculations tonight.

Market response wasn't bad for a day like today, up to 6.7c with nice volume & some big buys on 7c.

cheers,

I haven't been following this one. I actually would have bought in after the break up from the pennant, but would have then sold when the break broke down as indicated.

I am very surprised that this did not follow the break up, as most of the rest of the market was flying along. What was it? bad news? Must have been.

I can't see a reason to buy this on technicals atm. Maybe a break above $0.07. It certainly held up well at $0.061.

sorry tzo bother u guys but im looking to get an education, and this board so far seems a good place to start

anyway, from an early post on this companies resource in the ground -> " ...0.34g/t gold in the zinc zone and 0.92m/t at 2.9% copper ... "

ok g/t i take it is grammes per tonne,

but what does m/t stand for?

bye and thanks for agreat board