Australian (ASX) Stock Market Forum

I found some of the potential breakouts finding resistance at the previous high's and struggling to make a clean breakout higher this week. Below are a few of the stocks I noticed that behaviour in:

CVN:
View attachment 113626

DCC:
View attachment 113630

PLS:
View attachment 113627
Disclosure: I have taken a small position on this Lithium/Tantalum producer this week. It's not mentioned in my trading portfolios since this stock is volatile and I don't want to be shaken out due to short term volatility. I think this stock is a better play on EV (Elec Vehicle) growth compared to the various Li stocks that I have looked into as it is already producing and selling the stuff. Below are a couple of slides from the company:

Production Stats for the year:
View attachment 113628

and slowly ramping up production:
View attachment 113629
For those of you who are not familiar with mining terms such as myself, I have looked up the term "Spodumene", which is what is produced and sold as a concentrate by PLS:
View attachment 113631
WOW! You were right about this one. Good work!
 
Setting up nicely...

View attachment 118448
Disclosure: Held in the speculative portfolio.
I jumped on this one today independently of your post.
Was wondering where & why the ticker was familiar.
The penny now drops.
Will be interesting to see what happens on Tuesday morning coming out of trading halt.
I held this stock for 20 minutes today...lol. (other things to do)
Screenshot_20210115-220245.png
 
I jumped on this one today independently of your post.
Was wondering where & why the ticker was familiar.
The penny now drops.
Will be interesting to see what happens on Tuesday morning coming out of trading halt.
I held this stock for 20 minutes today...lol. (other things to do)
View attachment 118514
It's been lagging in the Rare Earth rally, but I believe that it is catching up now. I also believed in it when I bought it earlier, details and reasons why NTU had potential is in that portfolio thread.

Would be interesting to see what happens with the trading halt...
 
KLL
&
DCN

Both similar...Check them out and let us know thoughts.

Hi @Mickymouse, it's great to see you keeping this thread active.

However, I should note that there are a couple of rules that apply to posts in this thread. Being a technical analysis thread, those nominating stocks must also post a chart and a brief analysis or interpretation of the recent price action so those reading have a better understanding of what it is the person posting is seeing in that particular stock.

Thanks for your co-operation and I look forward to seeing more of your posts. :xyxthumbs
 
KLL
&
DCN

Both similar...Check them out and let us know thoughts.
Good finds that could break out soon...

With DCN, I looked at the chart and it looks like it's had a poor run of late trapping shareholders in with those gap downs :yuck:

So could be a short term trade IMO, as those trapped/frustrated holders must be itching to unload if they get their money back or at a reduced loss at higher prices...

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I was interested and holding this as a nearology play to De Grey.
Turns out, they have some lithium interests in the USA.
Hot diggety dog!
Lithium going nuts again today.
Expecting a follow through onto CAD at some stage...
Lithium announcement was non sensitive... word may take a day or 2 to get out properly.

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