Morning All,
Thanks HLL for the kind words and for the great morning wrap once again.
At the moment I am taking a bit of a stand back and watch approach, trying to ensure that I do not “force” trades merely for the sake of trading. In this flat (down trending??) market, I am finding my confidence levels in predicting a SP move occurring is less than when the markets were trending up. There are many shares whose charts are currently showing as oversold or undervalued based on the fundamentals, however last year proved that this does not mean a swing and recovery is necessarily going to take place, so suitable risk management is essential for any trades.
On my watch list today will be my usual favourites and in particular:
LNC- possibly finding support at 1.35 to 1.4,
CNX- slow stochastic crossed the 20 line,
LYC, HFA,
BMN- has shown fairly reliable swings recently up to that 1.15 level,
STI- risky but major shareholder could have finished selling off their stake. Despite their sell down in the last three days the SP held up remarkably well under the circumstances between that 1.3c to 1.8c level. Could be some nice scalps here. The trend is still down so extreme caution required on this one.
HGO and ESG
EXT- nice bounce trade share recently for intraday trades
EXE- very low vol share but showing signs of a potential bounce again. Could go to 16c.
Happy Trading all
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- daytrade diaries... july 10
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