The bottom is in!

[aus_trader]

Looks like the bottom is in for Selfwealth Ltd(SWF). It has drifted south ever since IPO listing but lately looks like has turned the corner...

 

[greggles]

Looks like the bottom is in for Diatreme Resources at 1c after the company announced that it has signed an MOU with Anhui Fengsha Mining Group Co Ltd regarding the potential supply of up to 500,000 tonnes of photovoltaic grade silica sand to be produced on-site from the Galalar Silicia Project in North Queensland.

 

[aus_trader]

Servcorp Limited (SRV), looks bottomed out after a long down trending period. Shares bought for the Speculative Stock Portfolio.

 

[greggles]

Servcorp Limited (SRV), looks bottomed out after a long down trending period. Shares bought for the Speculative Stock Portfolio.

Well spotted, it's back over $4 now.

 

[greggles]

Golden Mile Resources (G88) looks to have bottomed out at 4.4c.

There appears to be a sense of anticipation building over news that the company has completed a follow-up and infill auger sampling program over the prospective Monarch Gold Trend on the Leonora East Project.

Above average volume and a lack of supply is pushing G88 higher.

 

[aus_trader]

Markets are quite volatile especially the lead we are getting from the US, so not actively buying stocks at the moment but the researching hasn't stopped. One stock that has an interesting story that seems to have bottomed out is DroneShield Ltd (DRO).

It's the type of company that is aligned to the future needs of the world, given the threats posed by the rise and rise of drones. These days it's so easy for anyone to get hold of a drone and fly it pretty much anywhere that there is an increased security threat as a result of it. One company already manufacturing products and continuing R&D into protecting against drone attacks is DRO. This video showcases their product offering:

https://www.droneshield.com/dro-corporate-video/

Chart shows a sudden interest in the stock after a sustained decline since IPO. Price has increased rapidly with increased volume of late...



Certainly one to watch since it's products might be in high demand with the rise of drones that are increasing in number each day.

 

[greggles]

Double bottom for FNP around the $4 mark. Big spike today following yesterday's release of their FY 2019 financial results which exceeded expectations.

 

[greggles]

Bottom looks to be in for Splitit Payments at 40c following the release of their FY 2019 financial results.

I'll post in a little more detail in the SPT thread.

 

[greggles]

Bottom looks to be in for CLB at 5.7c.

New Chairman Mr James Baillieu announced today who has also invested $1.5 million by way of a private placement of 18,750,000 shares at 8c per share as well as 18,750,000 options with an exercise price of 10c expiring on 31 May 2023.

 

[Newt]

Hi Greggles

Do you trade all the graphs that you post? If so, it would be interesting to know what sort of %Win and %average win versus %average loss you experience trading in this way on micro caps.
(Thanks for all the posts - love these insights into how others think and trade....)

 

[greggles]

Hi Greggles

Do you trade all the graphs that you post? If so, it would be interesting to know what sort of %Win and %average win versus %average loss you experience trading in this way on micro caps.
(Thanks for all the posts - love these insights into how others think and trade....)

Hi Newt, most of them I post just to keep this thread going and because they may be of interest to others. It only takes a few minutes to post each one. I have traded a few but I'm not a big short term trader and most are just too risky for my liking.

I have given some thought to going through all the stocks I've posted in here to see which ones actually turned into profitable trades but I haven't had the time.

 

[Newt]

Cheers, and thanks for explaining....!

 

[aus_trader]

I think the win rate will be very low if all are taken. These are good starting points for further research into the stocks. For example SWF and SRV has continued higher since being posted and DRO had a huge day today due to the unfortunate news of a Drone attack in the middle East. However some of the others I have posted on Greg's thread has continued lower than what was thought to be the bottom at the time.

 

[aus_trader]

Gold, White-Gold, Silver, Gems and Diamonds oh the glorious, heart-melting jewelry. Might be calling this one early but the bottom may be in for one such stock. I'm sure everyone has heard of or seen at their shopping complex Michael Hill International Ltd (MHJ). Used to be Michael Hill Jewellers as they were a local Aussie brand but now they have expanded to have an international presence.



Stock has been in a long down-trend since listing and has recently implemented some cost-cutting measures. Perhaps that's helping to turn the story around given it's a well-known brand, so could be signs of bottoming out.

 

[DkCreative]

Just had an idea for a thread that I'm sure has been done before but that's no reason not to do it again.

A good trading opportunity is finding stocks that have built a strong base and are then heading up off that base, particularly on rising volume. In other words, stocks where the bottom is in and there are potential gains to be made trading it as it rises off that base.

Please post charts of any stocks that meet that description in this thread. It will be interesting to keep track of them and see which ones have succeeded and which have failed.

I'll start with INR. Nice double bottom at 14c and good volume at it heads north. The eight million volume day in the middle of February looks like capitulation to me. I'm late on this one but it's as good a place as any to start the thread off.

View attachment 92617

by the time I catch your post I missed my chance

 

[aus_trader]

Looks like the cost-cutting measures and continued sales are helping to cement the bottom for Michael Hill International Ltd (MHJ). Good report out today and the stock went up:



Key points of the report:

 

[frugal.rock]

Hey Buddy,
Looking like the bottom is in IMO.
BUD
Check it out!
F.Rock

 

[aus_trader]

Looks like the bottom is in for Human Resource (HR) technology/software company Intellihr Ltd (IHR).

 

[aus_trader]

Just reviewed some of the stocks that I have posted and the calls were not too bad, but most got re-hammered down with the Covid crash. So I haven't been very active on this thread since nearly every stock would have been re-posted on the asx as vast majority re-bounded hard after the March low .

Some did exceptionally well surpassing pre-Covid levels such as Selfwealth Ltd (SWF) which I mentioned around 15c, now in a nice uptrend trading north of 60c (4+ bagger ? Oops, I sold into the Covid crash in spec portfolio at a profit but didn't buy it back as it went straight back up from the low )

Gregg's Brainchip Holdings Ltd (BRN) which he mentioned around 10c did a near 10-bagger and to the moon and back). What a ride to anyone who participated, at one point hitting 1bn market cap .

Now that the market has settled back down, I would be looking at stocks coming off the lows...

NTU:


TNY:


AVZ:


CGC:

Disclosure: CGC is held in the Speculative Stock Portfolio.

ADA:

 

[over9k]

NTU looks like a good one to throw a 0.031 order at.