May Stock Tipping Competition Entry Thread!

[Garpal Gumnut]

MOS again please Joe

gg

 

[wanlad1]

Hi Joe I have chosen WHE and have provided a fair rational below for my choice.


Uranium has been gathering quite a bit of interest lately with plenty of write ups on the supposed China buy up for preferred energy source. http://www.theaustralian.news.com.au/business/story/0,28124,25391690-15023,00.html.

WHE is a Uranium stock and after a few years trending down channeled from December until April this year. During this period a double bottom was formed (see picture, strong key reversal. The channel rejected highs of .15 twice however on the third attempt broke out. The break out gapped up and formed a doji with high volume, this indicated high sellers. The price fell back on lowering volume and tested the old resistance of .145 which has now become support.

Today another key point low volume eg sellers backed off, and candle stick charting shows an inside day closing on its high. The inside candle has opened up and closed on its high, the significant point is the body of the candle is inside the previous days range. Signifies a change in sentiment and would appear that .145 is now support and we can expect higher prices from here.



The above chart will show the double bottom between Dec - April then the recent break out and test of the new support. Cheers Wayne

P.S. any questions feel free to ask, however speak to your broker before making a trade. Trading is risky and funds can be lost, I am a day - swing trader not an investor so look for windows of opportunities.

 

[nunthewiser]

 

[nomore4s]

Hi Joe I have chosen WHE and have provided a fair rational below for my choice.

lol, Wayne sorry to burst you bubble after the effort you put into that post but you don't qualify for the comp yet, you need another 6 posts so get posting- go and read Joe's post at the start of the thread for the rules.

 

[Out Too Soon]

PXS Pharmaxis thanks Joe
I wonder if Jono is on the money with BTA for next month?

 

[sammy84]

NDO for me please Joe

 

[UPKA]

LKO thanks

 

[smithy]

IMU please joe.

 

[wanlad1]

Hi NoMore actually did read that earlier, however forgot about it and probably will not be around for another six posts if this is as exciting as this site gets. Eg no one even puts in any effort apart from naming an ASX code.

 

[Sean K]

P.S. any questions feel free to ask, however speak to your broker before making a trade. Trading is risky and funds can be lost, I am a day - swing trader not an investor so look for windows of opportunities.

And, thanks for the advice Wayne! Cheers.

 

[Sean K]

Eg no one even puts in any effort apart from naming an ASX code.

There is no requirement to put any justification for picks in this thread, but there is when commenting in the individual stock threads. You will find more detail there once you find your way around the forum.

 

[nulla nulla]

Give us another clue nun, they look like microbes, something to do with swine flu? Are you going for a biostock......is it CSL ?

 

[glads262]

OEX for me thanks.

Cambray results due in a week!

Please refer to thread on OEX for my rationale...

 

[craigj]

fte

cheers

 

[lousca]

Hi All

My pick is PLA. Platinum Australia

Happy Trading

 

[CarbonSteel]

PNA thank you sir.

 

[seasprite]

abyss beat me to with PPP so I will try INP thanks

 

[scwd]

cig please joe:

 

[Bull Run]

Hi All,

I am a new member to this forum. I am not sure whether I do qualify. My pick is OZL.

Thanks, Joe.

 

[roofa]

MAH