Thanks @Bugsam
Morning all
Couple of charts worth watching or putting on the WL today
4DS : Nice chart with a late break out yesterday on volume, one to watch for some action early
ADO : This one has been plagued with supply with a few bars to the left of the chart for a while now but has done extremely well to trade in such a tight range for some time. Think this maybe close to a break north and push out of this range
CDX Ah what have they done to this chart, clearly got to a point where demand really just dried up around that 6 cent area and rolled over, however the way its been knocked around has been strange. Big bids appearing then being sold into, makes me think someone or some broker is trying to hit stops while also making sure they dont loose to many shares in the process. Looks way oversold now, technically should bounce from this area, if not we are likely to see 3.8. Yesterdays presso was very good and put to bed the rumours about the trial at Deborah hospital being on hold, contrary to that everything is progressing well.
CNW : Another cracking chart, should offer a trade today, will be watching for any early weakness on low volume before another push north
FEX : Another chart starting to setup nicely, one for the WL
INP : Broke through resistance at 9.5 on volume yesterday, action seemed rather desperate to buy as quick as possible, finally get that news we have been waiting for ?
LNU : Only the beginning here with that action yesterday, could crack on and give those 2 targets a budge as highlighted on the chart
LTR : Looks to be setting up for a break north very soon, volume's been increasing, indicators about to cross on the daily. Significant cash position. Maybe one to watch for a break of 2.2
NML : Another cracking setup playing out here, bit of a light trader with a large spread, entry point will be important here, but could offer a pretty sweet trade, may try crack into the teens today.
POS : Back test of old resistance, should see some support in this area, gap now closed, possible reversal today IMO
RHT : Another fan favourite looks to be setting up for move north again, lets see if it can sustain the move for once !
SEI : Absolutely cracking chart, one to watch today IMO
WZR 4 Hour chart, cup and handle on the daily, looks perfect formed now, volume really dropped off during the afternoon. May finally break north today?
All charts are my opinion only, not trading advise.
Cheers all and good luck!
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- Day Trading Pre-market Open - 13 Mar 2019
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