alankew said:Kennas any chance you could do your stuff for NTU-up 16% today and has been on the up of late.Just looking for reassurance as the money is for some expensive flights!
Royce, this was a potential breakout and a breakout a few weeks and days ago. Today was the second breakout of the past few weeks.Royce said:VCR up 12.5% to 103.5 cents...next target $1.50
Royce
kennas said:. Today was the second breakout of the past few weeks.
Yes broke out again today, I took a punt and bought some at 98 cents. hopefully for a quick trade.
Royce
Royce said:I reckon there's a chance you'll make something on that Royse the way the market is going. Plus, it's almost new year and everyone is trying to pump the market, so it looks good for the end of year. Good luck.kennas said:. Today was the second breakout of the past few weeks.
Yes broke out again today, I took a punt and bought some at 98 cents. hopefully for a quick trade.
Royce
Would really like you to comment in the NTU thread on why this has jumped so much. Cheers.
Kennas, what are you basing this on? I don't see why traders are interested in boosting the ASX another 50-100 pts just to "pump" the market.kennas said:Plus, it's almost new year and everyone is trying to pump the market, so it looks good for the end of year. Good luck.
Kipp said:Kennas, what are you basing this on? I don't see why traders are interested in boosting the ASX another 50-100 pts just to "pump" the market.
"The last days at the end of the year and the first few days of a new year have tended to be positive for equities," said Michael Sheldon, chief market strategist at Spencer Clarke. "You would probably have to be a psychologist to know why, but these days usually are positive for equities. And investors know this."
Royce said:Today was the second breakout of the past few weeks.
Yes broke out again today, I took a punt and bought some at 98 cents. hopefully for a quick trade.
Royce
If the formation is a pole with a pennant then in theory, the length of the pole is the price target from the breakout. So, yeah, $0.32/3 ish, maybe. Not a great deal. Hard to say if it's a true 'breakout' really. It is medium term trending up, and has only paused for 2 weeks. So, 'short term breakout' perhaps in a medium term uptrend. Looking good.roxy said:Sure is Kennas, not bad volume as well
Do you have a price target from the breakout? I think 32cents would be reasonable to expect.
nautilus said:Progen Industries (PGL) has consolidated below the $6 mark. It has steadily gained good grounds and the buy order is accumulating in large parcels, indicating funds/institutions buying at quiet time.
The new year should see this share pick up some good speed.
Porper said:I don't think some people have got the idea of this thread.
How is PGL a potential breakout ???????????????????????????????????
Also where has it consolidated below $6.00
I am tending to agree with Joe's scepticism about this .
It is too much for some people to stop themselves from ramping with such a named thread.
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