daytrade diaries... december 16, page-18

Morning All,

Here are some charts to start the day. My Pick for the day is Eastern Star Gas (ESG). Took a small punt in late afternoon trade. Indicators technically look good, but a confirmation break above $0.80 would sent some serious buy signals. I have my short term target of $0.96, but wont top up until it breaks the $0.80 level.

Was given a buy upgrade by Pattersons with a target of $1.32. Last trade yesterday was $0.78.

EASTERN STAR GAS (ESG)




EASTERN STAR GAS (ESG) (flipped to show charting idea)




ADELAIDE RESOURCES (ADN)




MACQUARIE OFFICE UNIT (MOF)




PADBURY MINING (PDY)




AVOCA RESOURCES (AVO)




TRANSIT HOLDINGS (TRH)



Good luck today all

Cheers
Kevi