Welcome Madgog!Looking good, things are hotting up.
Appears volumes are increasing which is very positive.
Hoping for further action on the ASX.
Let's not jump the gun kevro. Encouraging people to buy based on your hunch is not the ASF way. This could be the way, but it is no certainty. Too early to see how the open will go. The 105 bid could be taken off, or a 110 could come in. Because they're confirming historical results does not mean they will be 'good'. What if the results are poor? Then if you buy now on expectation of 'good' news you'll probably be out of pocket. What if this is a buy the rumour, sell the fact event? Also, there's no guarantee there's going to be news Monday. What if they fail to get news out next week, or even the following week? The waiting may cause a sell off. But of course, you may be correct too. Sorry, but I just need to play devils advocate and keep a balance here. It's my job.This could be the last shopping day for getting into or topping up on ERN / ERNO. If the announcement with results is out pre open on Monday then if your not in already you may have to join the rush and pay a higher amount (Assuming the results are good. They should be as they are confirming historical results). Expecting a good day and the early bids are very encouraging.
Kevro
This could be the last shopping day for getting into or topping up on ERN / ERNO. If the announcement with results is out pre open on Monday then if your not in already you may have to join the rush and pay a higher amount (Assuming the results are good. They should be as they are confirming historical results). Expecting a good day and the early bids are very encouraging.
Kevro
Welcome Madgog!
What do you mean by 'things hotting up'?
Volumes aren't any different than other periods over the past few months, what do you actually mean here?
Hoping, or 'expecting' further action? And what do you really mean by that?
All the best,
kennas
And just to throw some more perspective in, this chart is throwing up a 'tread with caution' signal to me. Jumping out of the BB at the top of the channel and overbought on stochs. Or, at least it's telling me that there may be consolidation with an opportunity to buy in around the 90 cent mark. Of course, it could ignore this trend too, and go parabolic.
Yes they can, but not because of a gap up? Well, I haven't read or seen that particular event before anyway, so I'll say you may be right. However, when you add in the break up through the BB and breaking up out of trend, that adds up to me. Having said that, stocks do break out of trend, as this did in the green circle recently. Having said that, days not over yet. Too early to call anything IMO. Apart from the chart still looking great, the MC still looks pretty conservative comparitively, as Chris has mentioned. Although, that doesn't mean 'value' in itself of course. Anyway, rambling...Overbought stochastics can stay very overbought during a very bullish run especially where she "gaps up" as ERN did this morning.
Yes they can, but not because of a gap up? Well, I haven't read or seen that particular event before anyway, so I'll say you may be right. However, when you add in the break up through the BB and breaking up out of trend, that adds up to me. Having said that, stocks do break out of trend, as this did in the green circle recently. Having said that, days not over yet. Too early to call anything IMO. Apart from the chart still looking great, the MC still looks pretty conservative comparitively, as Chris has mentioned. Although, that doesn't mean 'value' in itself of course. Anyway, rambling...
The "gap up" is indicative of a total evaporation of new selling above 1.035 and below 1.05. Must be a big buyer/s in the market prepared to "compete" at 1.05 - 1.06. I suspect that the market will get bullish again this afternoon if volume climbs by another +/-300,000 shares. I suspect that German brokers are buying up blocks of ERN on the ASX and selling them to their European clients with a markup. This is adding considerable strength to the chart pattern.
http://www.stockinterview.com/News/06022007/Uranium-Auctions-Higher-Price.html
Spot Price 11.5 Percent Higher
Does rise and does rise ... this is the new Forsys?
juli
Chris,
ERN is certainly looking promising especially with the high volume in which it has been trading recently.
Does anyone have an idea as to when the drilling results will be released to the market?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?