Today presenting some amazing buying opportunities for short term traders given the Red across the entire market.
I think the stocks below have great short term trading opportunities to make some decent gains from these levels, especially within a 4 week period and definintely within a 6 month period, don't see them dropping any further than current prices.
KDR - down as low as 41.5 today after a high of 46.5, anything under 44 is a bargain with further news still to come.
IAM - Oversold territory with low volume sell down into 3.9 and 4c, very cheap at these levels at 4c and presents a good short term trade. Still no news released from the company and has traded strongly increasing in SP on significant volume last few trading days.
ZMI - Supply of those cheap oppies still being soaked up at 1.7 with some small sell offs into 1.6, good buying opportunity and cheap at this level. A good short term trade once supply is soaked and drilling news of their zinc project are released, but would want to be in before news comes.
MZN - Cheap at these levels at 1.2/1.3c with news still to come on their lithium holdings as well as news from KDR which should have a flow on effect.
JCS - Had been oversold for a while given it's last run into the 3c range, started moving today already ( right after my tip ) but still low MC and low shares on issue, cheap at these levels.
A lot of times I get people saying oh I don't want to buy now (when things are falling like this, but it's different to buying a falling knife and buying when the market has taken a dip and become oversold) they rather buy when it starts moving and end up paying closer to the high for a short term trade and hold out longer in hopes of that 20-40% gain but have already missed out on about 10-20% by not buying on these sort of dips on stocks.
Good example today was JCS, i bought some at 2.2 today and last few trading days, then bam, 2.3 gone, 2.4 gone and 2.5 touched and it's up 9%-13% for myself, still plenty in it for buyers at 2.3/2.4/2.5 but each pip means you need it to go higher but that's based on your higher entry not the correct short term trading entry.
) but still low MC and low shares on issue, cheap at these levels.
