Well a very strange night in the US, with a clear direction somewhat blurry... I took a punt on a few gold stocks, which might have backfired as gold drifted lower in the overnight session... These biotech stocks such as BTA, IMU, RBY etc etc. Overseas markets also took a positive spin on these stocks, with many having solid gains. Here is an article which I would like to bring to your attention though... its regarding the recent rise on BTA. Not saying it isnt going higher, but just a word of caution.
Stocks I will be watching today include (on top of the bio's above) OMH, BGD, NDO, CNM, MLS, MLI, KAR, PRR, SOM and PBG
Here is a few charts which I did up last night.. Pacfic Brands (PBG) has more legs in it short term. Over head resistance was broken early on yesterday with a high of 60.5c reached before closing at 55.5c. IAP 57c this morning, so I expect it to break through recent highs in maybe towards 70c..
Also another chart of interest is Carnegie Corporation (CNM). Here is the chart. Closed on resistance yesterday @ 27c, and looking at the chart I think it will continue higher today and head towards 30c.
