daytrades october 13 pre-market, page-23

Its always a good feeling when you go against the odds yesterday and buy up as you see it as an opportunity. As much as it doesnt feel like the right thing to do into close, you look forward to seeing the DJIA green when you wake up...

Here are a few charts that may be of interest.

Cape Lambert (CFE)

On market buy back commences from the 22nd Oct which IMHO can only be healthy for the shareprice.

Yesterday after opening @ 42.5c, profit takers came in and pushed it down to an intraday low of 39.5c (right on the 50% fib) before closing @ 40c. I reckon there is a bounce in this today.. worth watching.



Fox Resources (FXR)

Nice chart here... yesterday another one sold off on low volume after a speeding ticket from the ASX. Held old resistance @ 13.5c, which should now act as support. I reckon this will retest the recent high of 15c soon.



I will also throw in this chart of Deep Yellow (DYL). It doesnt show yesterdays candle, and it is a weekly, but it appeared to be sold off yesterday on relatively low volume. The day before saw huge volume and also a speeding ticket. Worth watching over the coming days/weeks as I think uranium is coming back into flavour...



Cheers and good luck today

Regards
Kevi