geez busy afternoon away from the screens so missed the praises from a few of you.. yep, exceptional close on NTC @ 23.5c.. Looks like a long term buy and hold here, and a very nice chart to boot. The chart I posted this morning confirmed that resistance was broken @ 18c... Appeared to be cappers in play early on who managed to hold down the SP until late afternoon trades cleaned them up.. I expect this to continue on up over the coming weeks.. lets face it their results were very nice.
Another very nice chart coming into play.. I have mentioned NBS a few times now on the thread, though im sure many of you thought the run had finished when it hit 57c and dropped back to the high 40's a few days back (managing to close the gap). Today it closed at a record high and daily high of 55.5c. Some strong buying during afternoon trade gives me the impression these much anticipated results will push the SP even high in the short term. As in the past, I wouldn't be surprised to see NBS release a new contract/deal at the same time or shortly after their results announcement which I was expecting today....
Next target at the top of the trend channel @ 63c or thereabouts. Should have no problem hitting that target, but once again patience is required..
Next was BRM. Hit a high of $1.38 today before closing @ $1.35.. this stock saw a bit of profit taking into close after seeing at one stage a rise of 10%+..
Either way, the chart is looking nice. Tomorrow im looking for a solid open above $1.35 with a rise towards the next resistance level which has been identified on the chart below. Watch for volume here tomorrow!
Finally CFE. Seemed to be a fair bit of churing today.. alot might have been disappointed with the lack of shareprice movement from open to close as it closed @ 37.5c after opening @ 38.5c..
I still believe that there is something in the wind here... it appears like accumulation, but dont be suprised to hear something from Cape L very soon with regards to the copper co prospects in Mt Isa.. Remember that Lady Annie was a solid producer for Copper Co before copper dropped back to the low $1's.. Now @ $2.80us/lb (or there abouts), its makes the project a money making machine IMHO.. Why wouldnt they be rushing to get that back up and running.
Here is the chart.. key is to break 38.5c..I reckon it will happen sooner rather then later.
Anyway, i'm feeling better from yesterday so hence the reason for the run down tonight.
Cheers Kevi
PS:: I haven't re read what I have written, so excuse an grammar issues..
