As predicted, SGW bounced. Early trade was lacklustre, however with the support of a relatively positive announcement, SGW bounced strongly to $6.12 from it's close of $5.70. Good money was made!
News Corporation (NCP)
NCP certainly fell below the $12.50 level. It has support in the low $12.40's, however the next test could be $12.30.
Powerlan (PWR)
Powerlan dropped back to 21 cents. As predicted, significant accumulation is occuring at this level.
Giants Reef Mining (GTM)
As suggested yesterday, volume has been low for some time, hence making it difficult for strong signals. It is worth noting however that GTM has held well over the past week.
Oxiana Resources (OXR)
OXR has traded between 27.5 and 28.5 cents today. Support remains at 27 cents, which appears to be a good entry.
MXL Limited (MXE)
As predicted, MXE has fallen again today - down 1 cent to 10.5 cents. Support remains around 10 cents.
