DYL - Deep Yellow

[jemma]

I'm not going to encourage people to get on this, but you are right Jemma, that a tight stop might not be required. As you say, being drifting for months. Last few days have been positive though. Vol up a little, pos divergence MACD going up. Might be about to break up, but too early to tell. A bit of hype around the past few days on uranium, so that could be the driver.

Kennas, agreed about the hype especially with AGS going ballistic BUT I know this company and it tends to jump up when news is on the way, so I expect an announcement Monday morning. Kennas, when it breaks that ceiling at 16, it will go for a strong run to approx 28 cents over a few weeks.

 

[MalteseBull]

buyers building now,

looks like an upward trend from here

 

[finnsk]

Something must be happening somebody bought 15000000 shares at $0.14 this morning.

 

[hector]

Yes, I noticed that too! I asked my broker how can such a large order be filled without changing the price either up or down, and was told that it would have been brokered in house (within the same firm).

It seems to me that if it was a large buy for a customer then the broker has sold its other customers too cheaply, and vice versa for a large sell.

Probably should wait for a break of 16c I suppose...

 

[jemma]

Moving averages looking great, expect a break above 16 cents next week.

Chart looking tasty.

 

[MalteseBull]

sh*t decent volume on DYL on Fridays finish considering market finishing down..

 

[Porper]

Moving averages looking great, expect a break above 16 cents next week.

Chart looking tasty.

Jemma,

Which moving average are you using and why are they looking good.Just interested in your reading of this.

Good rise on very high volume is a plus but huge reistance at 0.16 needs to be broken.Really this is just ranging at the moment.

 

[hector]

Hi Jemma,

Looks like my avatar just saw yours and doesn't want to get toasted!

Jumped on yesterday at 14.5c which is pre-empting an upward action, but I think you are more optomistic than I. The chart doesn't get my tastebuds going just yet. Happy to be in, and hoping...

Cheers.



PS. My default title doesn't appear, do you know how to set it?

 

[jemma]

Look at the big fat white candle staring you in the face.

Early next week will break 16 cents IMO, looks like some big news may be on the way.

 

[jemma]

Something must be happening somebody bought 15000000 shares at $0.14 this morning.

No-one spends 2,175,000 unless they know a big event is coming which will change the fundamental value of the company. Wonder if PDN are involved??

They own part of their mining database and Dr Leon was on their board when PDN started and is still connected. Hmmmmm.

 

[Porper]

Moving averages looking great, expect a break above 16 cents next week.

Chart looking tasty.

You seem to be avoiding the question I asked regarding your post about "moving averages looking good".

The big white candle means sweet F.A on it's own.What about the 2 big red candles that form the double top ?

As to the big buyer, well all I can say is there were obviously big sellers.

It may well go above 0.16 as you say but you still haven't given a reason why and appear to be ramping it

 

[jemma]

You seem to be avoiding the question I asked regarding your post about "moving averages looking good".

The big white candle means sweet F.A on it's own.What about the 2 big red candles that form the double top ?

As to the big buyer, well all I can say is there were obviously big sellers.

It may well go above 0.16 as you say but you still haven't given a reason why and appear to be ramping it

Porper,

MACD Formula
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The most popular formula for the "standard" MACD is the difference between a security's 26-day and 12-day exponential moving averages. This is the formula that is used in many popular technical analysis programs, and quoted in most technical analysis books on the subject. Using shorter moving averages will produce a quicker, more responsive indicator, while using longer moving averages will produce a slower indicator, less prone to whipsaws.

Of the two moving averages that make up MACD, the 12-day EMA is the faster and the 26-day EMA is the slower. Closing prices are used to form the moving averages. Usually, a 9-day EMA of MACD is plotted along side to act as a trigger line. A bullish crossover occurs when MACD moves above its 9-day EMA and a bearish crossover occurs when MACD moves below its 9-day EMA.

This has happened with DYL and is a sure thing it will rise this week.

Porper get on or miss out your call.

 

[Porper]

Porper,

MACD Formula
Advertisement


The most popular formula for the "standard" MACD is the difference between a security's 26-day and 12-day exponential moving averages. This is the formula that is used in many popular technical analysis programs, and quoted in most technical analysis books on the subject. Using shorter moving averages will produce a quicker, more responsive indicator, while using longer moving averages will produce a slower indicator, less prone to whipsaws.

Of the two moving averages that make up MACD, the 12-day EMA is the faster and the 26-day EMA is the slower. Closing prices are used to form the moving averages. Usually, a 9-day EMA of MACD is plotted along side to act as a trigger line. A bullish crossover occurs when MACD moves above its 9-day EMA and a bearish crossover occurs when MACD moves below its 9-day EMA.

This has happened with DYL and is a sure thing it will rise this week.

Porper get on or miss out your call.

Thanks for the answer although I didn't quite mean I wanted a lesson in MACD.The crossover actually occurred over a week ago, where if you look the high that day is the same as the high on Friday.

There is some positives I admit, but 0.16 needs to be broken on good volume for me to get interested.

Also nothing is a certainty, so when you make comments like "It is a sure thing it will rise next week" just think about how some newbie may get sucked in .Hope it goes up for you.

 

[jemma]

Thanks for the answer although I didn't quite mean I wanted a lesson in MACD.The crossover actually occurred over a week ago, where if you look the high that day is the same as the high on Friday.

There is some positives I admit, but 0.16 needs to be broken on good volume for me to get interested.

Also nothing is a certainty, so when you make comments like "It is a sure thing it will rise next week" just think about how some newbie may get sucked in .Hope it goes up for you.

No worries Porper, didn't mean to activate anyone's trade account.

Come take the ride with me, its all good with yellow mellow.

 

[powerkoala]

Anybody know why this SP not even move where there are lot of good news?
looks like 15c is the resistance and it wont budge.

 

[56gsa]

powerkoala
chart suggests certainly looks set to go doesn't it? ann on 14-sept on drilling continues to confirmed the extensive deposit which is apparently 14 x 4 km and seems to be very shallow depth...

 

[Porper]

powerkoala
chart suggests certainly looks set to go doesn't it?

This one was ramped last week and was a "sure thing" then.Didn't quite materialise.I wish people would back up their statements.If the chart looks good, please enlighten me as to why.It is ranging, simple as that.

Of course if there is a big announcement about a find, they will go up, like any stock.Otherwise, sideways or down slowly looks the way.

 

[barney]

This one was ramped last week and was a "sure thing" then.Didn't quite materialise.I wish people would back up their statements.If the chart looks good, please enlighten me as to why.It is ranging, simple as that.

Of course if there is a big announcement about a find, they will go up, like any stock.Otherwise, sideways or down slowly looks the way.

I have no vested interest in DYL, but like to study charts looking for reversals etc. I have to agree with Porper on this one. If they get news anything can happen, but with no news, the candlestick pattern looks like a cross between "three inside and three outside ladies") The rate of change, MACD and the directional movement system are all "standing still". The only thing that imo may lead to a reversal on a chart like this is, that if the stochastic (which is very low atm) starts an upward movement. This might turn the candlesticks into a "concealing baby swallow" which could indicate a reversal.........but imo , without news the sp will bounce around between .14 and .145

PS I hope I am totally wrong and the sp goes to 20 cents again for those that hold; but I just like to give my opinion cause when I get it wrong I learn something All the best.

PPS Porper, that CSR chart I was trying to "pre"-predict, did actually reverse a day or so later...........I might have got lucky, but I had a feeling it might.....

 

[Porper]

PPS Porper, that CSR chart I was trying to "pre"-predict, did actually reverse a day or so later...........I might have got lucky, but I had a feeling it might.....

I should post this on the CSR thread, but anyway.............

Barney,

Be careful that CSR doesn't bounce off the old channel which is around 3.10 as this could now be new resistance, (as it was old support).Also, look at the volume as it broke this reistance, and also volume on the bounce.Not to say it won't go back up, but I would have a tight stop on any rejection through old support/new resistance.

Never heard of three inside and three outside ladies, presume these are candlestick patterns.

 

[Alfredbra]

so much for the break above 16