Outstanding Breakout Alerts!

[rederob]

Aussie Stock Forums has broken out.

After largely trading sideways in a well defined range from mid-2013 until early 2020, ASF started to gather some momentum in January when the volume of posts began to pick up and a visible uptrend began. But March saw a huge surge of interest in ASF, pushing it above previous highs reached in January 2019 and as far back as April to June in 2013.

Now at more than seven year highs, can ASF consolidate at these levels and form a solid base of support at what was previously resistance?

Some market commentators are saying that the coronavirus was the catalyst that drove ASF in higher in the short term and that this increase in volume was driven by new retail investors getting on board due to ASF's exposure to the ASX market discussion sector. Long term bears, mostly previously banned members, are suggesting that this recent move up was merely a dead cat bounce and that ASF will once again retreat to long term lows after all the excitement dies down as a result of poor management.

It's difficult to tell whether the current bull run has legs and a lot of punters are waiting on the sidelines for another catalyst that will determine ASF's short term direction.

View attachment 101946

Given that the punters are not presently able to get their trading tips from Uber and taxi drivers, ASF has got to be the go to place.

(ps - please get your chart updated )

 

[myrtie100]

Hehe, very funny @Joe Blow and I hope the momentum for ASF continues into a strong, long term up trend.
This conona virus pandemic seems to be revealing many silver linings.

 

[hja]

View attachment 101946

 

[Logique]

Aussie Stock Forums has broken out.

After largely trading sideways in a well defined range from mid-2013 until early 2020, ASF started to gather some momentum in January when the volume of posts began to pick up and a visible uptrend began. But March saw a huge surge of interest in ASF, pushing it above previous highs reached in January 2019 and as far back as April to June in 2013.

Now at more than seven year highs, can ASF consolidate at these levels and form a solid base of support at what was previously resistance?

Some market commentators are saying that the coronavirus was the catalyst that drove ASF higher in the short term and that this increase in volume was driven by new retail investors getting on board due to ASF's exposure to the ASX market discussion sector. Long term bears, mostly previously banned members, are suggesting that this recent move up is merely a dead cat bounce and that ASF will once again retreat to long term lows after all the excitement dies down as a result of its poor management.
It's difficult to tell whether the current bull run has legs and a lot of punters are waiting on the sidelines for another catalyst that will determine ASF's short term direction.
View attachment 101946

'Essential' is a word much bandied around in a crisis Joe.
We need you to keep on keeping on mate. Solid core of posters on ASF, you wouldn't get better anywhere. Not at 'Heat Copra' that's for sure

 

[UMike]

Given that the punters are not presently able to get their trading tips from Uber and taxi drivers, ASF has got to be the go to place.

(ps - please get your chart updated )

Yea.. Make it a weekly one.

 

[Joe Blow]

'Essential' is a word much bandied around in a crisis Joe.
We need you to keep on keeping on mate. Solid core of posters on ASF, you wouldn't get better anywhere. Not at 'Heat Copra' that's for sure

Thanks for the support.

ASF has been seeing a lot of growth in the last month and its great to see so many active discussions on trading and investment topics. It almost feels like the old days are back again.

I really hope it continues and people keep the discussions going. When there is a lot going on here it's an exciting, interesting and educational place to be. Please keep posting everyone. Let's get ASF growing again!

 

[Dona Ferentes]

ASF has been seeing a lot of growth in the last month and its great to see so many active discussions on trading and investment topics. It almost feels like the old days are back again.

I really hope it continues and people continue to keep the discussions going. When there is a lot going on here it's an exciting and interesting place to be. Please keep posting everyone. Let's get ASF growing again!

Yes, yes, but where are the Stocks ? I miss them. Forum, yes. Aussie, yes. But the ASX TLAs?

(not complaining at all, really; Covid-19 is the real story, and what about that volatility? Enough to create a multiplicity of outcomes. It's all grist to the mill).

Stay safe. Physically isolate; Socially connect.

 

[SirRumpole]

Thanks for the support.

ASF has been seeing a lot of growth in the last month and its great to see so many active discussions on trading and investment topics. It almost feels like the old days are back again.

I really hope it continues and people keep the discussions going. When there is a lot going on here it's an exciting, interesting and educational place to be. Please keep posting everyone. Let's get ASF growing again!

I think it may be because there are more buying opportunities around, plus the fact that people are sitting around inside so they have to do something instead of going to the pub.

Whatever, I hope the interest continues after the horror is over.

 

[Joe Blow]

Yes, yes, but where are the Stocks ? I miss them. Forum, yes. Aussie, yes. But the ASX TLAs?

I think we'll see more discussion on stocks once it is obvious we've found the bottom of the market and people start actively investing again.

There has been an influx of newcomers recently and I suspect that we will see more in the coming months. Once the worst of this current crisis is over we could see one hell of a bull run and that will inevitably have a positive impact on the discussion of individual stocks.

I hope everyone lends a hand by commenting on stocks that they follow and are interested in. That will definitely help keep things active, which is what we need right now.

 

[rederob]

I think we'll see more discussion on stocks once it is obvious we've found the bottom of the market and people start actively investing again.

There has been an influx of newcomers recently and I suspect that we will see more in the coming months. Once the worst of this current crisis is over we could see one hell of a bull run and that will inevitably have a positive impact on the discussion of individual stocks.

Yes, but I will be a lot more interested to see who has been most affected by government bailouts and, occasionally lack of them.
For example, Virgin vs Qantas.
For now there is no transparency.

 

[Joe Blow]

Yes, but I will be a lot more interested to see who has been most affected by government bailouts and, occasionally lack of them.
For example, Virgin vs Qantas.
For now there is no transparency.

I think that this will become apparent in due course once more information is released.

 

[sptrawler]

I think we'll see more discussion on stocks once it is obvious we've found the bottom of the market and people start actively investing again.

There has been an influx of newcomers recently and I suspect that we will see more in the coming months. Once the worst of this current crisis is over we could see one hell of a bull run and that will inevitably have a positive impact on the discussion of individual stocks.

I hope everyone lends a hand by commenting on stocks that they follow and are interested in. That will definitely help keep things active, which is what we need right now.

As you say Joe, it is difficult to give any serious commentary untill we know the business fall out and that really wont be known untill the virus end is in sight.
The difference between business as usual in 6 months, as opposed to 12 months, would be colossal IMO.

 

[aus_trader]

Nitro Software Ltd (NTO) looks like breaking out to the upside...

 

[frugal.rock]

Nitro Software Ltd (NTO) looks like breaking out to the upside...
View attachment 106274

ATH a one hit wonder?
I wonder.

 

[aus_trader]

ATH a one hit wonder?
I wonder.
View attachment 106288

Could be, it's got a bit of volume with the breakout though.
However I wouldn't be surprised if it came back (i.e. a pull back) before continuing higher...

 

[aus_trader]

Overnight, Silver has broken out to a multi-year high after a consolidation period:



Aussie Silver plays (which there aren't many pure plays) are having a good day. I know as I had researched this area extensively in the past.

From what comes to mind there is a few spec plays such as ARD and IVR that should also benefit, but my pick of the bunch from all my research is Silver Mines Limited (SVL) which has the largest undeveloped Silver deposit named 'Paris' for any junior, so like owning Silver in ground. Breaking out to the upside today...

 

[Chronos-Plutus]

Overnight, Silver has broken out to a multi-year high after a consolidation period:

View attachment 106325

Aussie Silver plays (which there aren't many pure plays) are having a good day. I know as I had researched this area extensively in the past.

From what comes to mind there is a few spec plays such as ARD and IVR that should also benefit, but my pick of the bunch from all my research is Silver Mines Limited (SVL) which has the largest undeveloped Silver deposit named 'Paris' for any junior, so like owning Silver in ground. Breaking out to the upside today...

View attachment 106326

Myanmar Metals (MYL) is expected to get their Bawdwin mine into production; which they have a 51% ownership. The Bawdwin complex in Myanmar, will be the world's 3rd largest lead mine and 10th largest silver mine. Also the resource is open for exploration in all directions and they recently found significant amounts of cobalt, copper and nickel.

Worth doing some research if you have the time.

 

[Dona Ferentes]

Overnight, Silver has broken out to a multi-year high after a consolidation period

Aussie Silver plays (which there aren't many pure plays) are having a good day. I know as I had researched this area extensively in the past.

From what comes to mind there is a few spec plays such as ARD and IVR that should also benefit, but my pick of the bunch from all my research is Silver Mines Limited (SVL) which has the largest undeveloped Silver deposit named 'Paris' for any junior, so like owning Silver in ground. Breaking out to the upside today...

View attachment 106326

and recently listed MKR Manuka Resources (IPO at 20c last week; opened at 28c, sold down to 23c yesterday) looks to be holding on to its foundation shareholders, at last. Tree shaking temporarily halted.

 

[aus_trader]

Thanks for the info @Chronos-Plutus and @Dona Ferentes , will check them out...

 

[Chronos-Plutus]

Thanks for the info @Chronos-Plutus and @Dona Ferentes , will check them out...

With MYL: just be aware that at the moment the profit sharing arrangement with the Burmese government is a 50:50 split. It is in the process of being renegotiated but might stay the same.

So the resource is ~100.6Mt @ 3.1 Oz/t = ~US $6.86 billion dollars of silver in the ground @ US$22 an ounce.

Then divide that by ~4 to account for the government profit sharing and the 51% ownership: gives MYL's slice of the silver pie being ~US$1.7 billion dollars. That is only for the silver content and only for the defined resource so far. There is still an enormous amount lead and some zinc; also a possibility of decent amounts of cobalt, copper and nickel within the Bawdwin complex area. Just looking at the JORC and doing some rough valuations of in-situ resources.

The PFS is only for the starter pit and ~25% of the resource.

MYL are seeking a 50 year mining agreement with the Burmese government. And a DFS will be released in the coming months.