Caution for the week ahead, we are in war times. Although Gold trading is proving highly lucrative on the swings trading CFD's. Expecting ASX to have a rather subdued week although, I reckon we still have a few opportunities in front of us.
Discussed most - BC8, strong gold play on the way back up. I reckon a near term double top at $1.10 looms.
ZEU - looks like the whole forum is on it and at the start of its move. Now that 1.3 has broken, 3 yearly chart way back gives us 1.7 to 1.8 as next res levels. Looks like gapping up in pre and could hit today.
BCM - I like this one a lot. Brazilian REE play, some big hits in the ground. Cashed up and new placement stock was only issued on Friday at .008c for $4m. Being staggered over two tranches. Trading at 1c and looking strong in pre.... whattya reckon that crew is going to do here ? They need to keep it moving until at least end of July when a shareholders meeting votes on the 2nd tranche (always a formality). Newsflow ahead, low SOI - this will run and rival the moves of RML, DTR, LKY et al IMO. Quick chart below. (even better - review the 3yearly).
Happy trading all and be safe.....cash is king ATM - only taking best TA set ups mixed with FA that I like.
