daytrade diaries... friday, page-21

  1. 1,227 Posts.
    Morning all

    On my watch list so far today:

    CNX for a continuation of it's breakout- I hold

    CFU- I hold. Seems like there is still an overhang of shares from the recent issue being sold on the market causing the SP trading in a bit of a range- will see if the momentum is upwards. Will sell if no developments in SP- I hate stale holdings

    GMG-ANN out regarding refinancing in place. The Charts also provide some indicators that the SP s ready for a breakout with 3 green candles on increasing volume in the last three days,and the slow stochastic looking bullish,I see recent resistance levels at 37.5c, 42c, 46c and 51c


    LYC- with the ANN of China Non-Ferrous Metal Mining (Group) Co., Ltd (CNMC) signing a binding heads of agreement for CNMC to become a new majority shareholder in Lynas providing $500mil of capital to enable development of their Rare Earths projects. This is still subject to approvals but could well see a good increase in the SP. This will enab le the company to develop what is, according to LYC, one of the ;largest rare earths deposits in the world. However, the recent significant decrease in Rare Earths prices may limit the upside a little.

    GDN although there also appears to be an overhang of shares from their recent issue, and the factr that they are not making any distribution may affect market sentiment negatively,

    MAE for possible bounce trades. I expect good volatility on this one again today

    and finally, with all the recent talk on here about rounded bottoms, my limited charting skills feel that KZL is a likely candidate as it appeared to breakout yesterday

    Chart follows:


 
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