daytrade diaries... december 15, page-31

Morning All,

Fairly flat night on the DJIA, so I doubt we will see many opportunities today on our markets. Who knows, we sometimes can be suprised.

Here is a very of the XJO chart. Not sure if we will see it head down to the lower channel line or will it bounce back up off it..




I like a few stocks today. ORD River Resources (ORD) in particular is a stand out with the buyers very keen into close yesterday. A large buy in early has pushed the IAP to 5.3c after closing @ 5.2c. It will be interesting to see if the momentum can be sustained short term. The announcement yesterday seemed to have sparked the interest.

Adelaide Resources (ADN) also looks interesting. Nice close yesterday, though the volume might not be enough to continue the push up in the short term anyway.. we will see. IAP 34.5c


Slim pickings as far as charts go.. Not much came up on the scans, and Im not surpised this far away from the festive season!

Here are some stocks which might be worth watching as far as charts go.

MACQUARIE OFFICE (MOF)




AUSTPAC RESOURCES (APG)




ANTARES ENERGY (AZZ)




MCPHERSON'S LTD (MCP)




PIPE NETWORKS (PWK)




ROCKLANDS RICH (RCI)




SAI GLOBAL LIMITED (SAI)




Good luck today all.

Cheers
Kevi