Thanks
@Cleo
Morning all.
Wow that was some swing in the DOW Last night for it to turn green, more than 500 points turn around. I guess we just have to come to terms with the fact that this is how its going to be for the ST. Just wish our index traders here didnt sheet the bed so much based on the US futures Intra day.
Anyways felt like it was a morning for a couple of charts.
ADO : Has held up quite well during these times and flirting with the break out area of 1.8. Nice volume setup at 2 cents for a break higher, worth watching for some action
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BDA : Maybe some support in this area ? I took a small position yesterday for a possible bounce trade. Unsure of the reason why its been sold off, but technically looks OK for a bounce. Bit of coverage last night also on channel 9 news which was quite positive may bring some interest into the stock this morning
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FOD : Volume has dropped off a bit yesterday, currently at a key support. Hopefully supported by all that buying volume to the left of the chart. Hopefully the seller has finished. Yet to identify who the culprit is,, should hopefully have the data before market opens today.
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MHC : Interesting one here, not much in the way of a chart, but some serious accumulation has been going on with the top 3 Net buyers since the original spike are all brokers, and big volumes. Next round of results to come out this week IMO
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RHT : 1 Hour Chart using fibs, i see no gaps on the chart from the original break out, and i expect this trend to continue. Should get filled some time today, will be looking for an entry around that 6.5-6.7 area. A break back above 7 cents on volume and i will look to add to my position as long as it shows strength for a push to new highs ? Buying the open ? Seems risky but GL if you are..
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Cheers all
