Day Trading Pre Open - 17 September 2018, page-3

  1. 48,997 Posts.
    lightbulb Created with Sketch. 550
    AB1 Finally broke out late on Friday afternoon, looks primed for a test of that 12 cent high, looks like a volume setup to break out and go higher. Would like to see it come back and test 10/10.5 first to make sure we have a new support level.

    AB1.png

    BID Nice break out on Friday with some decent volume, a back test of 15 cents on light volume would be ideal here before a move higher

    BID.png

    CCZ Morning star on Thurday followed up by a reversal to the resistance area, seemed alot of sells got pulled towards the end of the day and moved back up very easily. A break above 4 cents should see a test of 4.6. Expect to see more news this week on some more assays that are currently pending.

    CCZ.png

    CPV Just continues to power on, the technicals are overbought, but if they just keep buying it up well what can you do ? Follow the money. Needs a big volume push today and then a consolidation of the move before it tackles $1 ST

    CPV.png

    FOD Nice daily chart and weekly chart. Fundamentals are really starting to stack up here, i would not be surprised to see some big money enter this week. Looking at the peer comparison its a bit of a no brainer now with a very tight register, corner stone investor, huge injection of funds and a chinese distribution agreement with someone who really knows there stuff. Weekly chart shows 2 ST targets of 15 then 20 cents once it breaks 12.5 IMO

    FODdaily.png
    FODweekly.png
    FODcomp.png

    ISD Ran into a bit of resistance after the initial break back on Tuesday last week. Consolidated the move with a couple of inside bars, and then a break out friday above the resistance, should bring 42 cents in to play. After that we might see alot more resistance. News could change that. One to watch for a quick pull back and test of 34 cents early this morning.

    ISD.png

    KTD Another one that lit up on Friday afternoon, will be watching this one with great interest, going need some significant early volume to tackle that big red candle to the left. Break above 78 cents and it might just arrive.

    KTD.png

    MEI Looks to have bottomed out here with some nice buying action late on Friday. Assays are due before the end of the month a test of 3.2 cents likely leading up to results IMO

    MEI.png

    PAB Sold down a bit on Friday but seems to have found some decent buying support around that 4.2 cent area. One to watch for a reversal if 4.2 holds.

    PAB.png

    SDA Finally with some solid action on Friday, hoping for a continuation here and a break of $4.50. Should bring $5 back into play.

    SDA.png

    XEC Looks like a bit of money flow returning to the spec end of the market, hopefully we have seen the bottom here and things start to turn up

    XEC.png


    Pretty much all of these stocks above took off as soon as I left the house and took the afternoon off, missed so many Friday arvo runners all for the sake of a visit to the dentist! Im glad my next appointment is scheduled out of market hours !

    Happy trading all bring on a big week !
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.