daytrades nov 11 pre-market, page-8

Morning all,

Here are a few charts of interest. It was slim picking yesterday afternoon as the market was sold of heavily. The thing to watch though was the stocks that held up well.

These are what I liked.

Eureka Energy (EKA) - resistance @ 32c, though the consolidation/distribution period is building pressure for it to pop through. Yesterday was teh fourth attemtpt, but more importantly it happened on volume. Expect it to break today.



Iron Bark Zinc (IBG) - Solid volume yesterday when breaking out above the resistance @ 28c. Hopefully it wont gap up today, but dont be suprised if it does. I believe JORC or a resource upgrade in on the way.



Final one

Entek Energy (ETE) - huge volume increase yesterday, with constant churn right on the 14c resistance. It will be interesting to see what comes of it today as I think we might see a breakout. Also worth noting is the break of the downtrend.



Good luck today all

Cheers
Kevi