Morning team, and thanks HLL. QLD we love it up here!!! Last week of FY. I have not been in this trading game long enough to have experienced many years. But I think a hard week to pick. I will be quiet, I think, unless I get that rush of blood for a scalp. For those who are looking for what I see as "low risk" plays I like KZL and CER for an up turn. Others will discuss these I am sure. I tip LNC and MAP could be good for a bounce.
For my "bread and butter" multi-day tips
MGR: Has bounced off low of $1.07 but is at recent resistance of 1.15. If continues it could go through other lines at 1.25 and target of recent high. 1.33. The stoch has crossed and vol good. Had a few ann recently
BOW: Still in a down trend but has bounced off lower trend line.(75c) Stoch has crossed and vol is OK. If it goes back to the top trend line the 90c area would be a good result. I feel down trends/lines are less predictable than up trends, but IMHO worth a look. cheers
