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Potential Breakout Alerts!

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LAU @52c +4% on 400k vol today.. potential breakout alert as approaching new high's... shows 37 buyer's vs only 7 seller's

Please DYOR

tela
 
barney said:
Early warning on this one ... could be too early but it looks ready for another move soon.

PNR (Pantoro)recently offered a scrip takeover of the remaining 20% of their Hall Creek project from BNR (Bulletin).

The deal is still waiting shareholder approval etc but looks almost a certainty to go through with the 2 largest share holders of BNR holding around 50%.

PNR has been steadily accumulated after its recent run up and low volume test, and the volume interest has been increasing at the current price level ( a lot of buying at the highs today;))

The Halls Creek project is projected to achieve 750,000 -1 million ounces of gold given the large overcall and increase in reserves being found in these early stages of production .. High grades and good widths:cool:

Given Gold looks positive over the next 12 months this one could well be a nice little mover given the quality of the project to date.

ps I currently don't own PNR but will if the scrip deal goes through with BNR (1 PNR share given for each 2 BNR shares held)
Click to expand...

I posted this back in May and am not posting again to blow my trumpet as my trumpet often goes out of tune:eek: Rather to point out that even though this has risen 100% in 3 months it still looks like breaking further to the upside based not only on Technicals but even more so on Fundamentals ...... Its a Gold stock/story worth doing some research on. In my view it is possibly the best speculative Gold stock on the ASX (it is already a Gold producer so my opinion is not based on whether they will make money, but how much money they might make:)) It wont surprise me if its into the mid 20's in another 3 months if Gold stays strong.

The Chart then and the Chart now tells the story!
 

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Does anyone else think this is a no brainer, with a stop just under $5, target $8 or should I reserve that label for myself.

ALQ HnS.png

I do not own, but think I should before it runs away.

Cheers,
Wyatt
 
barney said:
I posted this back in May and am not posting again to blow my trumpet as my trumpet often goes out of tune:eek: Rather to point out that even though this has risen 100% in 3 months it still looks like breaking further to the upside based not only on Technicals but even more so on Fundamentals ...... Its a Gold stock/story worth doing some research on. In my view it is possibly the best speculative Gold stock on the ASX (it is already a Gold producer so my opinion is not based on whether they will make money, but how much money they might make:)) It wont surprise me if its into the mid 20's in another 3 months if Gold stays strong.

The Chart then and the Chart now tells the story!
Click to expand...

Nice work Barney. I got into this one about a month ago and am very pleased to see how it is going!

Hopefully more in store...
 
Wyatt said:
Does anyone else think this is a no brainer, with a stop just under $5, target $8 or should I reserve that label for myself.

View attachment 67682

I do not own, but think I should before it runs away.

Cheers,
Wyatt
Click to expand...

There are far better trending stocks i.m.o. Yes, it's heading higher but it's choppy and a big area of resistance isn't too far above current levels.
 
Nortorious said:
Nice work Barney. I got into this one about a month ago and am very pleased to see how it is going!

Hopefully more in store...
Click to expand...

Cheers M8,

It has had a stellar run. I'm expecting a bit of profit taking to kick in around these levels but given the large buy orders going through recently, any retrace could be a good entry level if the price of Gold stays solid. Certainly worth watching for anyone not on it yet.
 
Today's break-out in GXL. A nice chart with a recent classic BO failure to ponder.
This has not been placed the the ASX Momentum portfolio due to capital risk limit, but it was worth a post.
The gap fill target presents an acceptable RR.

gxl1508.PNG
 
SSM has achieved liftoff after a recent retest.

SSM.png

Glancing back on the weekly, it looks like a perfect H&S pattern played out.

SSM2.png

Hopefully a perfect move north will ensue.
 
CCL coming up against some serious resistance currently too, looking good.
 

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I had not seen this thread, sorry I'm late to the party. I quite like MVF. I bought in at 1.84
mvf.jpg

I suppose it might be on the way down now.
 
I like this chart setup very much. However IMD will report on Mon, therefore selecting a logical SL is impossible and the trade is a gamble on the report. Gambling on news is not one of my trading strategies.

imd1908.PNG
 
MLM price/volume action yesterday suggests that a 'potential pop above .04c' is imminent imo (massive volume a couple of day's ago.. and yesterday held .037c on 'next to nothing' price/volume retrace).

A 970k bid has just popped up this morning @.037c!

DYOR as always...... Cheers tela
 
Telamelo said:
MLM price/volume action yesterday suggests that a 'potential pop above .04c' is imminent imo (massive volume a couple of day's ago.. and yesterday held .037c on 'next to nothing' price/volume retrace).

A 970k bid has just popped up this morning @.037c!

DYOR as always...... Cheers tela
Click to expand...

MLM - noted that 2nd highest volume day ever of 7.7mill traded today! Open chart gap @.05c to fill?

https://www.anzsecurities.co.nz/DirectTrade/dynamic/quote.aspx?qqeg=AU&qqsc=Mlm&QuickQuote=+Go+

Cheers tela
 

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