daytrade diaries... august 13, page-29

  1. 12,414 Posts.
    Morning All,

    Well a nice night in the US overnight.. very pleased to see, as I was in a similar position to Ipod and has a little more in the market overnight then I initially anticipated.

    Today should be very interesting, hopefully in the way that money is to be made!

    Today I will be watching the following stocks.

    FMS, EHL, EME, FMG, EPG, VPG, BAU, BPH, AVB, XEN, ICN, WHE, MAH, BLY, IMD and GXY

    MAH formed a nice break break to the upside yesterday after a nice period of consolidation.. Closed @ 51c, after hitting a daily high of 51.5c just before close. I suspect we will see it test recent highs of 55c today, with the likely hood of a break through this resistance.



    Second stock to watch is VPG. Some solid volume the last few days with a close on the daily high of 12c. The chart shows a breakout of an ascending triangle with a potential target short term of 16.5c. I honestly think we could see 20c plus, but who knows in this market. (sorry the chart doesnt show the second speed angle)..



    Finally GXY. With lithium still a hot second, should see this break higher into blue sky territy today. CLosed @ $1.195 yesterday, half a cent from its daily high of $1.20.

    IAP this morning $1.20, with some decent size buyers lining up. $1.50 short term I reckon, but of course that is just my opinion.



    Good luck today and cheers

    Kevi



 
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