daytrade diaries... wednesday, page-2

  1. 1,485 Posts.
    Good Morning,

    Last night, I ran some home-grown queries to search for Hammers and Inverted Hammers, signifying an end to a temporary downturn. These stocks came up in the results:

    AGO - Atlas Iron.
    Could move up to $1.35 or more in the next few days. Seems like
    a solid base for support at $1.25. Blackrock are
    major holders.
    GDY - Geodynamics
    The incident has given this a huge rebound chance,
    but I'd prefer to wait for another company update
    WBC - Westpac.
    In a slight uptrend, but not really a traders stock,
    and more bad news from the US regarding banks could
    send this down 10-15%
    MIX - Mirvac Industrial Trust.
    Looks the goods, with a probably large dividend due
    in June. This would confirm it as an undervalued
    REIT. Should hit 8c or higher short term.

    The fun part is that identification of the 3-day candlestick patterns is quite easy, and
    I didn't have to buy any software. (Access, SQL). I'm getting end-of-day data on a free trial basis for the moment.

    I'll be watching these carefully today, but I'm excited about MIX the most.
 
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