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AUZ - Australian Mines

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I thought I would put up my graph as i got all excited today when AUZ formed another weekly darvas box. The graph shows a certain hold with a stop loss at 13 cents and an accumulation or buy at a break of 21 cents. The only issue is with this stock is to keep an eye on Nickel prices and make sure they don't go below 32,000 as they were at 54,000 and are now 42,000. The cost of mining this mine is high and requres Nickle to stay above 32,000. Having said that if Nickle does go below 32,000, we will all be in truble as Nickle is the leading indicator for the resource sector for metal prices.
Kind reg
ang
 

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thanks a lot for that ANG
that clears a lot for me, and maybe others

i m always impressed with your graphs and expications

here we have boxes, with SAE has flags...
could you maybe give me the ones that are about to start an
exponancial figure

ps would you know were i can find the best updated chart/news of Nickle

thanks again
ANG
 
Yeah, Ang thanks alot for these graphs all the time. The nickel price really impacts AUZ doesnt it.. Its seems to have high volume all the time and lots of buyers (and sellers), but just cant get back up to those highs of weeks past.. I really hope the price of Nickel goes up! ahah... Im not into watching the prices of metals etc.. Is whats the changes of nickel falling and price and on the other hand gaining in price?
 

Yes nickle price is a bit of a worry for AUZ atm. But having said that imo it has held up quite well recently, Friday the market was down about 80 points but AUZ managed to hold 17c, and today it looked like it wanted to run till the whole market got sold down in the arvo and AUZ got sold back down to 17.5c. If tomorrow the market is green we might see AUZ push slightly higher.

Not sure I agree with your stop at 13c, depends on your timeframe I suppose, my current view is a close under 17c would probably see me out of the trade or at least half of my holding(protecting profit), and a break under 16c would be a bad sign imo. 13c just gives up too much profit for me.

Good luck to all.
 
Interesting Nickel took a beating overnight hiting 39,000 to close at 40,000, however AUZ was up this morning up and to close at .005 cents, hardly a move. I wonder if AUZ has farward sold their Nickel at 49,000 to 54,000 or they have some results that have more Nickel than originally estimated.
Any one with information if they have forward sold or resourse estrimates?
kind reg
ang
 
I do not know exactly how nickel is affecting AUZ, but historically there has been some inconsistency between nickel movement and AUZ price movement - so this could be more of that sentiment.

I am somewhat wondering about this too though.
 
Surprised there has been no action on this thread today, with AUZ up about 3c today with over37mil in vol!!! A close above 20c would make me very happy.
Nizar you still in this one?
 
Yep going to get in on this one will post a chart later, looking very nice. Higher prices set after this break of resistance.
 
I have been on this one for almost a year now and almost sold when it could not break the 10 cents mark. I am happy I did not do anything. So the question is why is it trading with such a high volume. Something is happening that is not being disclosed
 
nomore4s said:
Surprised there has been no action on this thread today, with AUZ up about 3c today with over37mil in vol!!! A close above 20c would make me very happy.
Nizar you still in this one?
Click to expand...

Yes

I saw the big open this morning 15mil inside half an hour i knew something was up.

But i just love the way this consolidates first before moving upwards.

A blue sky play now
 
nizar said:
Yes

I saw the big open this morning 15mil inside half an hour i knew something was up.

But i just love the way this consolidates first before moving upwards.

A blue sky play now
Click to expand...

Nizar ,

What is up ? I don't understand why this one is moving up in big volume today
 
Fab said:


Nizar ,

What is up ? I don't understand why this one is moving up in big volume today
Click to expand...

Dont worry about the reason.
If its up we make money -- Just kick back bro its all good.

Of course, make sure you have a trailing stop/or exit strategy.
 
nizar said:
Dont worry about the reason.
If its up we make money -- Just kick back bro its all good.

Of course, make sure you have a trailing stop/or exit strategy.
Click to expand...

I have no exit strategy at the moment on resources . It is all about let them run run run It looks like it is going to be like that for a while
 
nizar said:
Yes

I saw the big open this morning 15mil inside half an hour i knew something was up.

But i just love the way this consolidates first before moving upwards.

A blue sky play now
Click to expand...

Yeah I saw the big open this morning to, actually was going to off load some at 19.5c but pulled the order when the volume started to go through this morning - lucky.
 
Fab said:
I have no exit strategy at the moment on resources . It is all about let them run run run It looks like it is going to be like that for a while
Click to expand...

Yeh well you gotta think of something coz whether it lasts 5 years or 30 years you cant eat paper, unless you wanna die rich
 
The price movement is for two reasons. One is that we had a correction over night after a long downward trend of the Nickle price it went up last night b $2800/ tonne afer loosing $10,000/ tonne in the last month. At the same time the in the last month this stock has been as high as 21 cents and has not followed the downward trend of the Nickle price hovering between 16.5 cents and 20 cents in the lst week or so. This tell shows that there is something big about to happen and only needed a better nicckle price overnight to confirm this. I feel the big thing that will be announced is a verry healthy full year profit from their minin operations and perhapps a confirmation of the grades of Nickle at the last mine that they have just purchased. I have placed a graph on this earlier this week and feel that using the Darvas theory, my target is 29 cents +. As I have a number of these share i will be selling only half at 29 cents and keep the balance for another ride. The reason for this is that on my gaph, there has been 2 boxes formed and if this was a blue chip you woul not sell at 29 cents, you would follow it with some sort of moving average. I will follow the balance of my holding with a 8,21 or 21,55 moving average. Good times ahead with this one I am going to hold my second parcel until there is a move down.
Knd regards
Angelo
 
Its all looking very nice for (AUZ). Went for AUZ instead of TMR today. Better chart and cheaper entry along with a stronger close.
 

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Was going to post the first chart last night with the ascending triangle, but couldn't get onto ASF for some reason. Ah well, have put in todays chart as well, good vol today and excellent sp movement. Hopefully next week it can push up towards the 23c-25c mark, needs to at least hold over 20c.
 

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Excellent move up this morning breaking another high of 23 cents, however it closed lower this afternoon but 35M traded in one day with the trend channel deviating up. Seems a little profit taking in the afternoon session, and still no announcements. Interesting. I am still holding, any comments?
kind reg
ang
 
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