AOE - Arrow Energy

[chops_a_must]

Dissapointed with Arrow not holding the $2 benchmark. Not dissapointed with the progression of the company. Looking forward to the 27th of April when the company is added to the ASX200

I wouldn't worry about it Chris.

As I said to Niz on another thread, since the the last push up through 1.20, the SP has been squeezed between the top bollinger band and the close moving average. The last move pushed it quite a way away from the close MA. It may touch this again during the week, possibly even the day it gets put on the ASX 200. My tip after it does this, is that it will climb again.

The dip down has been on rather low volume as well. Which tells you just as much as anything else. The only problem that I can see is that it is very tall on the weekly. But I don't think this matters so much as the indicators here are lagging the rapidly improving fundamentals by a fair margin.

If I can, I might just put a bid in the depth at the low to mid 1.90s for a short term trade. But if it performs like my other buys of AOE... it might find a home in with the now long termers.

AOE came within 1c of hitting my stop at one stage. Would be spewing now if it had. Lol!

Another positive I think for this company, and SP, is the sense I am picking up around the traps that this one is going to be a dead set long term performer. Still one of the best ones I can see... But it means that the supply of the stock is becoming limited... and buyers will eventually have to fight hard to get in... like they have had to have done the last month or so.

 

[nizar]

Bit of volume on todays sell off.
Since i bought at just about the absolute top, I think maybe i should sell some on monday to get her moving UP again LOL!

 

[UraniumLover]

I wouldn't worry about it Chris.

As I said to Niz on another thread, since the the last push up through 1.20, the SP has been squeezed between the top bollinger band and the close moving average. The last move pushed it quite a way away from the close MA. It may touch this again during the week, possibly even the day it gets put on the ASX 200. My tip after it does this, is that it will climb again.

The dip down has been on rather low volume as well. Which tells you just as much as anything else. The only problem that I can see is that it is very tall on the weekly. But I don't think this matters so much as the indicators here are lagging the rapidly improving fundamentals by a fair margin.

If I can, I might just put a bid in the depth at the low to mid 1.90s for a short term trade. But if it performs like my other buys of AOE... it might find a home in with the now long termers.

AOE came within 1c of hitting my stop at one stage. Would be spewing now if it had. Lol!

Another positive I think for this company, and SP, is the sense I am picking up around the traps that this one is going to be a dead set long term performer. Still one of the best ones I can see... But it means that the supply of the stock is becoming limited... and buyers will eventually have to fight hard to get in... like they have had to have done the last month or so.

I've got this one on my watch list to get in after the DOW, China correction which is due in May i believe. I've experienced enough pain in the past on this month to realise taking new postions around now is risky unless it has fallen significantly and stablised. It's fallen around 17 % fom it's high with major buying at 1.80. May put a small parcel around this mark if it stablises..
Fishing around 1.80

 

[chris1983]

I've got this one on my watch list to get in after the DOW, China correction which is due in May i believe. I've experienced enough pain in the past on this month to realise taking new postions around now is risky unless it has fallen significantly and stablised. It's fallen around 17 % fom it's high with major buying at 1.80. May put a small parcel around this mark if it stablises..
Fishing around 1.80

Arrow is one of those stocks that hold firm during the corrections. Having been in a number of corrections Arrow has either held its ground or gone against the negative trend and moved up in price. The last correction Arrow went up quite a lot.

IMO there isn't much risk in this stock. Its a simple buy and hold. It is being added to the ASX200 on monday so the fundies will now have it on their radar. Good luck if you decide to take a position....I really don't think any luck is needed though.

 

[UraniumLover]

Arrow is one of those stocks that hold firm during the corrections. Having been in a number of corrections Arrow has either held its ground or gone against the negative trend and moved up in price. The last correction Arrow went up quite a lot.

IMO there isn't much risk in this stock. Its a simple buy and hold. It is being added to the ASX200 on monday so the fundies will now have it on their radar. Good luck if you decide to take a position....I really don't think any luck is needed though.

Looking at the graph it handled the last correction well..
Has a sort of IMD feel about it which booms in times of doom lol
Still needs to stablise. Long term fundamentals solid. Wouldn't expect anything less from a stock you hold as I know you do the research.

 

[chris1983]

It definately has come down a bit though hasn't it. Didnt even realise untill I looked at the chart. From the chart it looks as if it ran too hot. Thanks for the compliment in regards to my research. I did sell 1/4 of my holding to free carry the rest. I'm holding the rest for quite some time to see how the company progresses..I believe in the Arrow story. It has too many things going for it. If you read through all the announcements since the merger with CH4..which was a brilliant move by Nick Davies I must add..anyway if you read through the announcements you can see the plan Nick Davies has in place. He is building a larger international CBM play. Excellent grounds in India/Indonesia/China..and I dont think he will stop.

Also has very strong partners with EIG/Tata power and GAIL.

EIG are allready investing a large amount of money into Arrows australian tenements and GAIL will be the ones to follow.

 

[laurie]

Good article in May Resource Stocks Magazine about AOE

cheers laurie

 

[chops_a_must]

Good article in May Resource Stocks Magazine about AOE

cheers laurie

I didn't end up getting this one in the post...

Is anyone able to put up a copy or give me the jist of it?

It looks as though there has been quite a bullish reversal pattern on the weekly charts, so people that like to enter of weekly charts might well be interested at looking at this.

But people looking to get in lower will probably be disappointed, it looks to have quite bullish action on it right at this stage, it doesn't have a habit of dipping on corrections, and it now has very strong support at 1.86.

Hopefully we can see this well and truly in the mid $2 range before long, with its current range as long term support. I have a feeling the next run maybe the last for a while though, as this searches for a long term range. Not that I'm complaining, I'm sure I will be holding this one for years to come. It has done me proud, Lol!

Cheers,
Chops.

 

[nizar]

I didn't end up getting this one in the post...

Is anyone able to put up a copy or give me the jist of it?

It looks as though there has been quite a bullish reversal pattern on the weekly charts, so people that like to enter of weekly charts might well be interested at looking at this.

But people looking to get in lower will probably be disappointed, it looks to have quite bullish action on it right at this stage, it doesn't have a habit of dipping on corrections, and it now has very strong support at 1.86.

Hopefully we can see this well and truly in the mid $2 range before long, with its current range as long term support. I have a feeling the next run maybe the last for a while though, as this searches for a long term range. Not that I'm complaining, I'm sure I will be holding this one for years to come. It has done me proud, Lol!

Cheers,
Chops.

I agree its found a bottom.
1.86ish clear support there.
ESG your other pick is also doing very well.
Check out MPO bro, its still going hard.

 

[chops_a_must]

I agree its found a bottom.
1.86ish clear support there.
ESG your other pick is also doing very well.
Check out MPO bro, its still going hard.

I know! Looks like it could get to 20c quite easily.

I just don't have the money to put in right now.

I am seeing opportunities galore and just aren't able to capitalise right now.

PES is another ripper. Check out the shareholder makeup, you'll see why.

 

[nizar]

I know! Looks like it could get to 20c quite easily.

I just don't have the money to put in right now.

I am seeing opportunities galore and just aren't able to capitalise right now.

PES is another ripper. Check out the shareholder makeup, you'll see why.

I know every man woman and child is calling for a correction but the last time i saw this many breakouts it was november/december last year... and that was a few months before any correction.....

 

[nizar]

Finally this dog of mine is starting to move.
As usual, i caught the peak of the first breakout and paid >$2/share
LOL

 

[SGB]

Finally this dog of mine is starting to move.
As usual, i caught the peak of the first breakout and paid >$2/share
LOL

Hi Nizar,

Not trying to be disrespectful but it was a gutsy call at that peak because of its overbought condition..80 RSI.
There was a psychological barrier to contend with as well being $2.00 mark. If you follow the pattern from there, it found decent support at $1.90 which gives confident T/A traders to jump in to break the $2.00 resistance. With a higher high and the MACD crossing over in to a buy, there might be support at to hold $2.00 and reach the high. But have your trailing stops ready.
Good luck
SGB

 

[chops_a_must]

Finally this dog of mine is starting to move.
As usual, i caught the peak of the first breakout and paid >$2/share
LOL

Lol! Dog!!? 'Tis one of my best performing stocks.

The CSM sector as a whole looks like it is going on another run. QGC and AOE giving off some particularly bullish signals. But AOE looks healthier right now IMO. Mucking around with Fibs tonight, and they look to be lining up quite well.

The longer term Fib levels from the beginning of the run in October... with numbers at 1.18, in the 1.30s and low 1.50s looks to be where previous resistance and support has been.

The shorter term fib levels from the run since 1.50 gives us the recent 50% retracement low of 1.80 (1 cent off) and the rough average support and consolidation level from the 38.2% retrace at 1.87.

The extensions point to a run on about 2.50. I'd love that to happen... but we shall see...

Wouldn't mind the volume picking up... but there have been plenty of reversal signals (MACD turning bullish being the latest one) and it is behavng as it should. So it looks good from here.

Cheers,
Chops.

 

[chris1983]

This one broke out yesterday. Looking really good atm. Its following a nice steady longterm trend. I am still expecting some news in regards to India to be released soon. There must be an update on these projects. Maybe even GAIL announcing the farm-in agreements into Arrows Australian tenements? We know it will be a big farm-in agreement..maybe similar or even bigger than the EIG Farm-in.

 

[chops_a_must]

This one broke out yesterday. Looking really good atm. Its following a nice steady longterm trend. I am still expecting some news in regards to India to be released soon. There must be an update on these projects. Maybe even GAIL announcing the farm-in agreements into Arrows Australian tenements? We know it will be a big farm-in agreement..maybe similar or even bigger than the EIG Farm-in.

Pity it couldn't follow up with some good volume. The 127.2% line whacked it over the head by the looks. The only good thing about that is it validates the projection towards 2.50 in the medium term. The doji doesn't look good for this break in the short term however, and I would be very surprised if it didn't test 2.10 before moving on.

Cheers,
Chops.

 

[chris1983]

Really powering atm. Hitting all time highs again. This is a very strong stock. Lots of large buyers jumping in for a piece of the pie.

 

[SGB]

Really powering atm. Hitting all time highs again. This is a very strong stock. Lots of large buyers jumping in for a piece of the pie.

Agreed chris
I'm glad i got in at the 1.90 swing. Now into a triple top.
look forward to the comming action

Cheers

 

[chris1983]

Agreed chris
I'm glad i got in at the 1.90 swing. Now into a triple top.
look forward to the comming action

Cheers

Nice entry point SGB. I also was trying to get more at that price level. My margin loan took too long to get processed though! Very annoyed! I still have a decent holding in my own money though. Managed to pick up some PNA at 52.5 so its all good Maybe there is news on the way or maybe investors are just becoming aware of Arrows potential. They were in the Sunday times..or the West Australian in WA as the largest percentage gainer in the ASX top 200. So that would of given them a little more exposure. I dont think these are mums and dads buying though. Some very larger buyers have been going through.

 

[SGB]

Nice entry point SGB. I also was trying to get more at that price level. My margin loan took too long to get processed though! Very annoyed! I still have a decent holding in my own money though. Managed to pick up some PNA at 52.5 so its all good Maybe there is news on the way or maybe investors are just becoming aware of Arrows potential. They were in the Sunday times..or the West Australian in WA as the largest percentage gainer in the ASX top 200. So that would of given them a little more exposure. I dont think these are mums and dads buying though. Some very larger buyers have been going through.

Yep
I noticed this morning a couple of 100000 parcels. Good signs. The gold players might be getting frustrated and switing codes.