Hi guys,
Couple chart updates,
First things that failed
ABR:
As much as i liked the project economics, I entered on a TA basis so had to exit on TA aswell. Breakout zone got sold into. Was behaving quite well leading upto the dump with volume drying up but just failed to get any buying back.
EDE: Funnily same setup as TMT. This one failed to hold, had an upthrust, then continued selling.
As for successful moves;
TMT: Same setup as EDE, got two days after for a big sized offtake which read well to me but for some reason got sold into. Unfortunately I played all around it. Managed to take partial at 0.23 and got stopped out for rest at 0.215/0.22 only to see it snap back and make new highs two days later.
GGG: Ripped upwards. The REE trade war between china has been sending REE prices through the roof.
ARU, ALK, LYC etc have all copped massive moves lately. Could be a wave 2 soon but most look overcooked for now.
Some climatic action on GGG will take a while to clean out. Not my cup of tea right now regardless of REE prices.
Couple new setups;
DUB - Broke DTP, now trying to push into 52wk highs. Having a couple quiet inside bars tightening near highs.
PNV - Regenerative biotech play.
This chart was screenshotted late in the day, ended up closing 1.16.
Setup incredibly similar to ANO (just with a shorter base on here)
FGR - Bit stretched here and likely needs a little soak/PB, but major breakout into all time highs after many previous attempts (highlighted in yellow). Reminds me of the AB1 setup when it pushed into 52week highs.
MDR - One to watch for break of 0.06.
GSS - Slighlty Illiquid but got a little interesting pop yesterday into DTP
Other stuff:
RFR did an interesting acquisition yesterday I reckon worth a look.
Iron ore continues to rocket upwards.
Cheers
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- Short Term Trading Week Starting: 27 May
Hi guys,Couple chart updates,First things that failedABR: As...
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