Few chart updates:
FFG: +25%
Excellent breakout on back of a crypto mining acquisition APAC Corp.
AVZ: +34.6%
Another serious breakout. On a larger note, their project is now passed value of $1B. Amazing and about time, potentially worlds largest lithium deposit deserves some recognition. Could be the Unicorn stock if it hits $1B MC now which will be the next milestone (I think it will).
On a sidenote, Langford from AVZ and Brewer from 4CE are doing a collab and potentially bringing chinese money into 4CE.
ASN multibagged on the back of chinese money. 4CE chart also showing some nice direction after today, highest close on volume.
RLC: +4.6%
Broke out strong but got shut off quick. Bit of supply to work through. Would look for a lack in follow through in that sell off.
VIC: -17.6%
Its reaching an area where it needs to turn, pullback has been on low volume, but would like to see it be supported here.
VEC: -8%
Okay didnt want to smash into blue sky this time around. But the pullback looks very soft and happy with its behaviour so far. Now would like to see a turn around anywhere between 3.1-3.4.
FYI: +18%
Still looking strong, bit of soaking but I suspect it'll continue following that.
----------------------------------------------------------------------------
Overall Market:
XEC showing little bit of distribution....by no means is this the end. I think just a soft PB/consol and then continuation.
Good time have a look at
a) your losers...are they worth holding. If they've only moved downwards while the markets been on fire last month, what would happen if market softens a little ST
b) your extended/exponential big winners, are they quality plays or just moving on hot air, is it worth taking partials? Any short term catalyst? Sector softening down?
---------------------------------------------------------------------------
Fundamentals:
Not much to add, but been accumulating some TTL. The STT Tip by Colonial did not make it any easier lol.
If there is one thing in common for the names on the register, they all know how to give a good pump.
HWK the closes shell with similar players trading at $8.6M EV (which is a bag for TTL to reach here which is currently $3.5M EV)
AVD is one shell too with similar players except O&G so will be suspended and no Tolga X-factor.
Also keep in mind TTL is tech shell, and given the way they've performed lately could be another KBU/S3R with the right backing ($10.6M EV)
Cheers
