Short Term Trading Weekend Lounge: 8th - 10th Apr, page-161 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum

Originally posted by 952i ↑

Been reading a book () which was recommended by Dan Zanger (STT sold his porsche for $10k turned it to $18million in 18months.
Half way through the book and is by far one of my favourite technical books I've read. In short does a case study on 100 of the most successful stocks in america and what made them successful in terms of FA and TA.

Summary of what I've read so far:
FA:
CANSLIM
C - Current quarter EPS
A - Annual earnings increase
N - New product + New management = New highs
S - Low supply (Low outstanding shares - tight register) + Increase demand
L - Leading the sector
I - Institutional buying
M - Moving up (right market direction)

TA:
Based on the case study of the 100 biggest short term runners the best runners occur on a cup/cup+handle breakout out of a accumulation/churning zone (10weeks accumulation provide best breaks).

Ill be testing this method and playing around with it these coming weeks, still trying to find myself a ST strategy I'm comfortable with.
Here's some stocks Im watching based on this TA theory:

EMC- Broke out nicely from C+H looks like its going to backtest the breakout zone so may provide a low risk entry there this coming week.

LIT - looks like its going through stage (4) of the C+H pic attached above. Also may provide a low risk entry if it holds support although those two volumes above look quite climatic so slight caution.

TYX - Weekly looks like its at stage (4) of the C+H. Pressing against resistance not really wanting to dip down, look at that high volume accumulation(yellow box) at the lower prices - should provide very strong support so could be a Cup + Tight Flag instead.

VMC - Looks like its on stage (5) of C+H on the brink of breaking. Pulled back to support on stage 4 @20c (I missed the entry unfortunately) so Im gonna just wait until it breaks out to test my theory.
A break of 25c and it may really shoot up, saying this because its breaking the C+H but furthermore if you zoom out enough you get this mega pennant which also breaks out @25c. So double breakout lol

Other stocks unrelated to whats above:
BAR - Nice pennant break, looks like it wants to fill that gap though, so may provide a low risk entry there this week.

CXO - Back in trend looking very nice on the charts. If you check the weekly looks even better.

SRT - Finally got some news to get things moving, expecting alot more over these next 6weeks. Kind of like they put a TH on it stops the price slowly dripping from impatient supply while they get the formalities done - although it really makes me wonder if you've been holding for multiple months why would you sell out with news 2weeks away. Quit at the finish line?
I feel once they get the formalities out the way for SRT then we will begin seeing acquisitions and movement for the other shells that have been sleeping. Im expecting FRN and CIZ to go.

My picks for next week: VMC, CXO, TYX
Happy weekend all.

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Brilliant- and many thanks. I had an arm wrestle with Jack Daniels last night. Jack won going by how dusty I feel

On the BAR chart you posted, I am also praying it will move back a little so can empty the coin jar and buy a few more outside of my super. And it would be a stroke of luck for those not invested yet.

Even if it re-touched 2.1c, we would $8m m/cap. Our 50% cobalt asset is now worth $5m as per Conico's (CNJ) recent breakout.

Our cash position will be $1.2m next quarter, we are currently drilling an already proven mineralised zone to a bigger jorc to start the underground leg of the operations.

That would mean our gold assets are worth $1.8m ...................

A chart won't mean much on a stock that's re-rating, and there is all likehood that we will spike further north @Pisces I have always thought this is at least a $15m m/cap stock , and even more one drilling is finished and they negotiate a JV.