Here are a few charts worthy of a mention.
SCI : Gap finally closed late today. And with that came a flurry of buyers into the stack. Clearly the trigger for buyers to return. Nice bullish hammer to close out the day. While its fair to say there initial announcements regarding lithium were nothing to write home about, they have plenty of news due over the coming weeks regarding there Zinc plays. Not to mention the real lithium exploration is yet to begin.
Pattos still holding most of the shares from the original placement which was done at 4.5 cents. Pattos are also holding a stack of unlisted options with an ex price of 6.7 cents.
Very low risk entry low 3's with a tight stop.
A closer look at the daily chart suggests an initial target of 3.9, break and hold this and we should see 4.7 short term IMO
PAK : Finally announce they have now secured a 40 percent stake in Imagine Intelligent Materials. With news due now in August i think we will finally start to see this stock head in the right direction. Short term support looks good. I think we should see a move through 18 cents tomorrow.
JCS : Strong support @ 2.1. Anyone who managed to get in today at 2.2 did well. There were definitely signs late in the day that it might break upwards. Should be an interesting open. Market cap is far too cheap. The fact that Oracle have bought out the software company that Jcurve is the exclusive re-seller for in Australia and New Zealand for nearly $10 billion USD is testament to the fact the software they sell is the goods. Looking forward to watching this story unfold. Clear accumulation in play. When they let her rip, it will be like an early Xmas IMO
Night all
