Morning all
These will be my last few charts in the pre market for a we while. Time for a sleep in or 3
Hope you find them useful
SCT This is what i like to call the dragon formation. Pennant on the daily here tightened right up after significant volume decline. Yesterday saw some nice action. Looking for higher today and a much larger break next week. Should test that 37 cent area
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LON Some very bullish action yesterday with good volume. Something brewing here. Reckon this is a potential star in the making. Very controlled buying at each level soaking supply. Once this pops expect to see a test of that 6.5 area. Should offer some trades but i get the feeling this is one of those stocks that might be worth holding a few for the mid term.
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VIC Bit of late action yesterday with multiple wipes of 1.4. 1.5 Has been loaded up. Expect to see a similar volume event as we did on ADV here for a push higher. I get the feeling news maybe on the way ? Break 1.5 and we should see a test of 1.8 ST
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NSL This is what i like to call the waking dragon
Chart looks to have bottomed out over the last few weeks. Company is cashed up and looks primed for a reversal here. Should see a bit of action today
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BLY Bit of a random one, but you cant ignore that volume. Maybe worth a look. It does have a woping 27 billion shares on issue, I suspect they must be pretty tightly held, otherwise you would not see such a move on relatively low volume ( compared to shares on issue ) Something brewing here ? Nice break out from a long base.
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PSY ? Whats up looks like some gangnam style action in the stack. Looks like its been tipped somewhere ?
Good luck all!
Cheers
