Australian (ASX) Stock Market Forum

MHL - Monitor Energy

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YOUNG_TRADER said:
Hey boys I graduate in December (if I pass :eek: )

Actually have an exam tomorrow which I haven't even started studying for, how can you with MHL soaring like this?

Surely it must be the Oil JV thats driving all of this speculation

And Habs perhaps now you see that I'm not a 15-20% profit ramper but rather a seekr of what I believe to be fundamentally undervalued stocks, mkt has backed me up! Nuff said ;)
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YT, it looks like you can add another notch to your belt - if it fits:D. As you said, the market has sure grown to love this one. Up 100% in a correction? What correction?:rolleyes: Your ability to pick undervalued stocks has proven to be second to none. Im sure a lot of people here owe you thanks.:)
 
Someone is profit taking at .060 at the moment. Fair enough, if you've bought in at .03 that's a %100 profit or near to it. Not bad for a month or few weeks.
 
the last 5 days there has been increasing volume and increasing share price percentages until today, although it did still go quite well. Without any announcements, does this mean that it has finished it's run and is about to turn? What are the thoughts out there?
It has been a good ride so far!!
 
Bullion said:
Can anyone explain the last trade after close? Just over 6M which brought us back to 5.8c.... :confused:
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Are you sure it wasn't just the end of auction close? Market closes at 4 with around 5-10 mins time in which pre auction bids can still go through.

It looks to me like there was 6 million volume in the pre auction close.

You can check these on stocknessmonster each day in the course of trades.


http://stocknessmonster.com/
 
black_bird2 said:
the last 5 days there has been increasing volume and increasing share price percentages until today, although it did still go quite well. Without any announcements, does this mean that it has finished it's run and is about to turn? What are the thoughts out there?
It has been a good ride so far!!
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from the speeding ticket today:

"The company has recently signed a Heads of Agreement with a potential joint venture partner which outlines the terms and conditions of the cooperation. This HoA is subject to a more formal JV Agreement and the Joint Venture Operating Agreement, neither if which have been concluded, hence are still negotiation"

well looks like its not long till they make a formal announcement to the market, or possibly a interim announcement, wonder who the jv partner is?
 
sleeper88 said:
from the speeding ticket today:

"The company has recently signed a Heads of Agreement with a potential joint venture partner which outlines the terms and conditions of the cooperation. This HoA is subject to a more formal JV Agreement and the Joint Venture Operating Agreement, neither if which have been concluded, hence are still negotiation"

well looks like its not long till they make a formal announcement to the market, or possibly a interim announcement, wonder who the jv partner is?
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Well .... i guess the speeding ticket was bound to come!!
If an interim announcement is made tomorrow or in the next few days .... it could be a very interesting period for MHL. The beginning of a run may have only just started .... depending on the news release & JV partner.
I guess though, even if the company makes an interim announcement, they may not disclose who the potential JV partner would be, considering no formal agreement has been signed yet.
With the growing volume recently (hitting 90 million today) and SP run, there is a lot of interest in MHL!! :D
 
black_bird2 said:
the last 5 days there has been increasing volume and increasing share price percentages until today, although it did still go quite well. Without any announcements, does this mean that it has finished it's run and is about to turn? What are the thoughts out there?
It has been a good ride so far!!
Click to expand...


I dont really get what you are saying here ????
Today is the biggest volume so far and share price has broken out the most also ...
 
sleeper88 said:
from the speeding ticket today:

"The company has recently signed a Heads of Agreement with a potential joint venture partner which outlines the terms and conditions of the cooperation. This HoA is subject to a more formal JV Agreement and the Joint Venture Operating Agreement, neither if which have been concluded, hence are still negotiation"

well looks like its not long till they make a formal announcement to the market, or possibly a interim announcement, wonder who the jv partner is?
Click to expand...

It looks as though there has been a little leak which has allowed those in the know to accumulate during the past few days. Even todays late announcement should have a positive effect tomorrow.
 
I have a few of these.

But you must have some suspicion when so many people are willing to sell into these buyers.
Price finished off its highs.
Tomorrow will be a test of current levels.
A lower day on volume with a tight range will signal strength.(Buyers absorbing sellers)
A lower day with wide range will signal weakness particularly on volume (Lack of buyers)
A struggling higher day on High volume will signal weakness.( Potential for supply to swamp demand)
A wider range up day on average volume will signal strength.(Buyers overcoming supply)
A lower day on low volume with moderate range will signal strength (Lack of supply).

I expect a pause.
 
I expect that with confirmation that a joint venture is going down many people are now going to hold on and see who the partner is. Up to now has been pure speculation but now there is some creditability even though no announcement yet ... I am expecting a strong day tomorrow..
 
Interesting movement today, strong open up to .064, then supply came on and overcame demand, currently down to .052

cheers :)
 
Was thinking the same thing. Makes me really want to learn about charts, trends, and strategies because I don't undertand why it's doing what it is. Going off topic a bit, someone was querrying about Nick Radges courses earlier today. I seem to be doing alright on most of my stocks but I also seem to be getting out too early or not soon enough. I've been reading up on mining valuations and taking a course soon about resource stocks. Think though it's also time I look into another course for charting and trading strategies.


happytown said:
Interesting movement today, strong open up to .064, then supply came on and overcame demand, currently down to .052

cheers :)
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It was just abit of panick selling at 0.052/0.053. Inexperienced traders imo. Its bounced off that now. I think it will move between the range of 0.052-0.06 on low volume. Intraday support & resistance at these points. Close at 0.06 would be a good sign for the stock showing lack of sellers below 6c.
 
What are most people putting as their targets? Is it just hold wait and see or do people have a set figure where to sell?
 
Gordon, picking highs and lows are extremely difficult. There are some who have been trading a long time that don't get it. Yes there are many ways to predict possible tops and bottoms, and courses in technical analysis will certainly help, but there's no foolproof way. All I can say is it's far better to get out to early than to late. Just look at RAU today. Most stocks that go vertical have large falls.:)
 
Don't get me wrong, I'm still very bullish on MHL. I still hold and will continue. I was only saying that for me to grow as trader, I need to have a better understanding of what happens. I'm trading and making some good money, but now it's not enough to just make money. I'd like to be a person who can point out some new stocks and show my research. I want to be able to post some intelligent comments instead of just idle bantor on a web site.

trend rider said:
Gordon, picking highs and lows are extremely difficult. There are some who have been trading a long time that don't get it. Yes there are many ways to predict possible tops and bottoms, and courses in technical analysis will certainly help, but there's no foolproof way. All I can say is it's far better to get out to early than to late. Just look at RAU today. Most stocks that go vertical have large falls.:)
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Down 12% on high volume.
Is that the end of an outstanding run until the announcement?
quite surprised it came tumbling down this much.
 
adobee said:
What are most people putting as their targets? Is it just hold wait and see or do people have a set figure where to sell?
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Sold on Open.
No support here.
On to the next trade.

Not pointing at Adobee but some understanding of Supply and demand will help a lot of people over the grief of knowing when to holdem and when to foldem.
 

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