Today presenting some amazing buying opportunities for short term traders given the Red across the entire market.
I think the stocks below have great short term trading opportunities to make some decent gains from these levels, especially within a 4 week period and definintely within a 6 month period, don't see them dropping any further than current prices.
KDR - down as low as 41.5 today after a high of 46.5, anything under 44 is a bargain with further news still to come.
IAM - Oversold territory with low volume sell down into 3.9 and 4c, very cheap at these levels at 4c and presents a good short term trade. Still no news released from the company and has traded strongly increasing in SP on significant volume last few trading days.
ZMI - Supply of those cheap oppies still being soaked up at 1.7 with some small sell offs into 1.6, good buying opportunity and cheap at this level. A good short term trade once supply is soaked and drilling news of their zinc project are released, but would want to be in before news comes.
MZN - Cheap at these levels at 1.2/1.3c with news still to come on their lithium holdings as well as news from KDR which should have a flow on effect.
JCS - Had been oversold for a while given it's last run into the 3c range, started moving today already ( right after my tip
) but still low MC and low shares on issue, cheap at these levels.
A lot of times I get people saying oh I don't want to buy now (when things are falling like this, but it's different to buying a falling knife and buying when the market has taken a dip and become oversold) they rather buy when it starts moving and end up paying closer to the high for a short term trade and hold out longer in hopes of that 20-40% gain but have already missed out on about 10-20% by not buying on these sort of dips on stocks.
Good example today was JCS, i bought some at 2.2 today and last few trading days, then bam, 2.3 gone, 2.4 gone and 2.5 touched and it's up 9%-13% for myself, still plenty in it for buyers at 2.3/2.4/2.5 but each pip means
you need it to go higher but that's based on your higher entry not the correct short term trading entry.
Just food for thought
and my ramblings lol
