DT Pre-Market Tuesday December 5, page-8

  1. 48,997 Posts.
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    DRG Some bullish accumulation yesterday now forming a wedge like pattern, volume has now dropped off significantly. Next round of assays must be so close, worth watching for action today and a break upwards

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    IOT Has had a couple of rather bullish last 2 sessions, someone mopping up whatever they can get in a tight range 1-1.1. Fridays volume was the highest in 18 months. Placement holders probably haven't had time to cash there investment in yet, this looks like the setup for a volume event to take it higher. 1.5 is on the cards if 1.2 goes. Worth watching today.

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    SP3 cracking chart with a break out from the pennant on volume. As @vontrader has already pointed out its worth doing some research here, they didn't need to raise that cash, they are well funded. Something big is about to happen here. Expect to see a test of 50 cents + today. Yesterdays volume and action may have been a bit leaky, maybe news today?

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    VIC Looks set for a reversal here, has closed the gap now and had a good soak at these levels for the last 2 sessions.  Putting in a bullish hammer on the daily chart. Expect to see a test of 1.6 very then 1.9.

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    TKM Possible reversal in play here, worth keeping an eye here. I think this has plenty of potential. Market Cap is very cheap considering there tenements are surrounded by some quality peers

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    BMT looks to have found a bottom now, might start to see some action as results are expected soon, worth watching for any volume and a push out of this area.

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    NHL Not a day trade, but alot of you folk probably know i quite like this stock, just waiting for that news event, it is so coiled but always looses momentum. Top 20 is class and the broker buying is top notch. One day it will move. Will it be today ?
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    Cheers all and good luck !
 
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