The bottom is in!

[greggles]

I'm calling this one early. I think the bottom may be in for MMI at 13c. Volume increasing each day for the last three days and today a share price increase from 13.5c to 15c.

Yesterday saw the release of the Managing Director's presentation at the Proactive Investor CEO Series. Very comprehensive for those interested. It has clearly generated some interest in the company.

Let's see how this one plays out.

 

[greggles]

The bottom looks to be in for European Cobalt at 2c. Nice looking uptrend in place.

Interestingly, no price sensitive announcements have been released by EUC in more than two months.

 

[greggles]

The bottom looks to be in for Longtable Group at 16c after a 12 month share price decline from 87.5c (and an 18 month share price decline from $1.91).

The catalyst for the turnaround seems to be the Longtable Group Presentation announced on 7 May.

 

[greggles]

Big share price spike for BrainChip Holdings today after nine months of share price declines. Looks like the bottom might be in at 4c.

The catalyst for today's move was yesterday's announcement regarding the availability of the Company's Akida Neural Processing Core as intellectual property available for licensing, marking a major development in the company's market presence.

BRN up 81.8% to 8c today.

 

[Trav.]

@Miner as a follow on from your comment in the VRS thread you mentioned that by the time that greggles post the SP has taken off.

If you look at the last post showing BRN on the 29/5 Greggles identified the price spike and you could just think that it was too late to get on board. Well fast forward to yesterday you will notice that the SP retraced to .054 the following day and then has slow risen.

So basically I think that everyone would have missed the initial run due to it being news driven and the existing holders would have taken a nice profit (well maybe, depends on their plan)

Do you trade this now ? up to you but there was / is a trade there up to the recent high of .105. I would be thinking that this is a resistance point as people who bought late in the rally will be still holding and looking for an exit around .1 to .105 so they can break even.

As I mentioned in the VRS thread have a look at the charts posted here and see what happened in the following weeks and try to identify a pattern / trend. Some will retrace and others will continue to run. This is something that you need to understand as if you get in to early and wait for the bottom to be found then you could be waiting a long time and missing out on other opportunities due to capital restraints.

 

[Miner]

@Miner as a follow on from your comment in the VRS thread you mentioned that by the time that greggles post the SP has taken off.

If you look at the last post showing BRN on the 29/5 Greggles identified the price spike and you could just think that it was too late to get on board. Well fast forward to yesterday you will notice that the SP retraced to .054 the following day and then has slow risen.

So basically I think that everyone would have missed the initial run due to it being news driven and the existing holders would have taken a nice profit (well maybe, depends on their plan)

Do you trade this now ? up to you but there was / is a trade there up to the recent high of .105. I would be thinking that this is a resistance point as people who bought late in the rally will be still holding and looking for an exit around .1 to .105 so they can break even.

As I mentioned in the VRS thread have a look at the charts posted here and see what happened in the following weeks and try to identify a pattern / trend. Some will retrace and others will continue to run. This is something that you need to understand as if you get in to early and wait for the bottom to be found then you could be waiting a long time and missing out on other opportunities due to capital restraints.

View attachment 95530

Fantastic and many thanks @Trav.

 

[Joules MM1]

@Joules MM1

MLX appears to have attempted an accumulation phase* followed by a typical gap down, likely a an exhaustion move going by the volume, both 13week and 21day money flows are extremely negative (no divergence) ....

View attachment 92972

Bullish divergence is evident based on the RSI though!

deck-chair pov
worth a re-look, very quiet, volatility died down, but it's also typical of a winter setting in so better to miss the starting gun than be the starting gun.....alternatively if the underlying demand for product changes then the quiet could be a bargain and we should see that reflected in the 13week TMF , chart-wise not so much to glean

 

[qldfrog]

I sold SEA at a 50pc loss yesterday, so based on my personal history should rise again soon

 

[greggles]

Looks like the bottom might be in for NVA at 1.3c.

Nice little uptrend forming and some encouraging results from the geophysical survey at the Oxide prospect on the Estelle Gold Project announced today.

 

[Miner]

I sold SEA at a 50pc loss yesterday, so based on my personal history should rise again soon

@qldfrog
Unfortunately for your investment, your theory has provided right today with SEA shot up . I also quitted SEA with a significant loss but not 50% though few days back.

 

[Miner]

Looks like the bottom might be in for NVA at 1.3c.

Nice little uptrend forming and some encouraging results from the geophysical survey at the Oxide prospect on the Estelle Gold Project announced today.

View attachment 95560

Hmm. By the time I am reading your posting, NVA has shot more than 10%. You are a Midas for sure

 

[greggles]

Hmm. By the time I am reading your posting, NVA has shot more than 10%. You are a Midas for sure

It was just luck. It's easy to scan for these kind of charts and I just post them as I find them. All I'm looking for is increasing share price and increasing volume off a base of support.

Watch the daily movers and just scan the charts. It's an interesting exercise. Most of the time I get to them far too late.

 

[aus_trader]

It was just luck. It's easy to scan for these kind of charts and I just post them as I find them. All I'm looking for is increasing share price and increasing volume off a base of support.

Watch the daily movers and just scan the charts. It's an interesting exercise. Most of the time I get to them far too late.

Better late than early Greg. Keep posting the good ones with volume and liquidity.

Here's my 2c contribution: Digitalx Limited (DCC). It's heavily related to Digital/Crypto currencies such as Bitcoin. Since Bitcoin is rallying up again and now gone as high as US$9000, DCC may be in for another run...

 

[qldfrog]

@qldfrog
Unfortunately for your investment, your theory has provided right today with SEA shot up . I also quitted SEA with a significant loss but not 50% though few days back.

What can i say.. every year i do a few impulse buys..and usually pay dearly.. no methodology, no SL..and expected results.will i ever learn

 

[greggles]

Turnaround finally on the cards for Altura Mining (AJM) after a shocker of a 12 months?

Or a dead cat bounce?

 

[Sean K]

MLX is showing some signs of a bottom. Needs to continue the next break up and it wouldn't want to break that bottom support.

 

[aus_trader]

MLX is showing some signs of a bottom. Needs to continue the next break up and it wouldn't want to break that bottom support.
View attachment 95606

They have a cash producing Tin Operation, used to be a regular dividend payer from this one operation alone. The problem is Nifty Operation. It's not very Nifty in the sense of the word, bleeding cash relentlessly from the MLX accounts. If they could get rid of (sell) or put it on care and maintenance or something to patch the severed artery I would be jumping in right now... Well not right now, the market is closed on the weekend but would've been on Monday.

 

[aus_trader]

Turnaround finally on the cards for Altura Mining (AJM) after a shocker of a 12 months?

Or a dead cat bounce?

View attachment 95605

No announcements and no barometer reading from the Lithium chart (see below), so could be the latter.


Other popular Li/Li related stocks haven't budged, actually gone down today against the 22% rise of AJM:

 

[aus_trader]

Big share price spike for BrainChip Holdings today after nine months of share price declines. Looks like the bottom might be in at 4c.

The catalyst for today's move was yesterday's announcement regarding the availability of the Company's Akida Neural Processing Core as intellectual property available for licensing, marking a major development in the company's market presence.

BRN up 81.8% to 8c today.

View attachment 95030

Continued up with a big rise today. Looks like the bottom you mentioned is set in a good concrete footing. Another thing I noticed is the gap-up's are not getting filled !

 

[aus_trader]

Could be a bit early on this as to whether really bottomed out, but I took a small position in Clean TeQ Holdings Ltd(CLQ) in the Speculative Stock Portfolio. This mining spec has some 'Big Bold' plans (see the portfolio thread for details), so I will take my chances, given I had some success with it in the past in that portfolio.



By the way my Digitalx Ltd(DCC) purchase didn't work out. Got out with a smallish loss. It looks to be looking for a shallower bottom...