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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
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.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
'Essential' is a word much bandied around in a crisis Joe.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
Yea.. Make it a weekly one.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)
'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
Yes, yes, but where are the Stocks ? I miss them. Forum, yes. Aussie, yes. But the ASX TLAs?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!
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!
Yes, yes, but where are the Stocks ? I miss them. Forum, yes. Aussie, yes. But the ASX TLAs?
Yes, but I will be a lot more interested to see who has been most affected by government bailouts and, occasionally lack of them.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.
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.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.
ATH a one hit wonder?Nitro Software Ltd (NTO) looks like breaking out to the upside...
View attachment 106274
Could be, it's got a bit of volume with the breakout though.
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
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.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
Thanks for the info @Chronos-Plutus and @Dona Ferentes , will check them out...
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