well my overall economic bias is down but im not particularly glued to that bias...
but apart from that I typically would play the break of the upward trendline, as I give more weight to horizontal S+R, but if it broke through the top resistance I'd usually wait for it to break and retest before going long, I probably in the wrong thread as I dont typically take breakouts but wait for them to break then retest
Is it just me, or are mineral sands companies generally not worth bothering with?
DRX has some good assets but no one seems to be interested.
Weekly chart shown.
MEL - Metgasco
breakout at 45c/ downtrend broken
substanial new buyer in at 46.5
up 7% today on highest volume for a few months
any comments welcome
Also quite like the look of CCP but Volumes pretty light on.
Waiting for this consolidation stage to wind up. Divergence on the stochastic and decreasing volume.
Potentially some potential with associated increased volume on ACR...
(click to expand)
look at CAH and read its last few CAs to ASX
it has secured a Hedge of OZ$1557/oz over 350000+ounces.
this is serious stuff.
some major suit signed a $500,000,000++contract at==US$1350++??
and he had to deem it 'in the money' or CAH couln't have afforded it -
on a loan of about OZ$70m
this goes well beyond CAH
gold only goes up when brown rain falls
I own CAHO & CAHOB, but not actual stock
trust this isn't too-much of a pump
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