Morning all,
All the doom and gloom before open yesterday, but low and behold, we're all still here and there were some very nice opportunities yesterday.
Some charts or stocks that I'm watching today:
ROB some panic selling yesterday saw some good opportunities which saw it creep outside the lower bolly and bounce off 1.2c. Depth has turned around signifcantly over the last two days. You can see on the chart that that stochs have turned up, OBV has turned up and volume is increasing. Recent high from a couple of weeks ago was 3.0c so plenty of upside here IMO.
EHR bounced off the 50% fib line on Tuesday and put in a very nice day yesterday. You can see that the stochs have turned up nicely and crossed and that the OBV has also turned up. They recently did a $5m placement to a sophisticated investor at 7.9c, and reported in their AGM presentation that "Significant newsflow will result from this investment which benefits all shareholders".
WHE has some nice recent repeating ranges. The question here is whether it holds this level at around 48-50c as is low or goes on to the 50% fib line at around 44c. With all the panic selling yesterday, it did well to hold at the 38.2% fib line so this could be the bottom IMO. Stochs have turned up nicely here too.
LBY likes to retreat to these levels (10.5c) on the 50% fib line before heading northward as you can see on the chart. You can see that the stochs are really low and primed for an uptick. Also worth noting that the recent selling has been on very low volume suggesting sellers have dried up. Back to 15c here?
As always, DYOR and have fun.
- Forums
- ASX - Day Trading
- daytrades feb 24 morning ...
daytrades feb 24 morning ..., page-2
-
- There are more pages in this discussion • 211 more messages in this thread...
This thread is closed.
You may not reply to this discussion at this time.
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)