XAO 0.77% 8,209.2 all ordinaries

Short Term Trading Weekend Lounge: 25-28 Jan, page-27

  1. 6,674 Posts.
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    Signs Of Life … last week there were over 200, albeit with low volumes. Maybe mum and dad were on the beach with their iPads nibbling at rubbish that might pay for next year's holiday, as that all disappeared this week.

    In 2018 if you showed any signs of life in one week, there was next to no chance you would still be on the list in two weeks time. This is the first week in a long, long time where stocks are setting up chart wise, and volume wise, and look like they might go on runs. Fingers crossed, we've been waiting for this for a long time.

    SP 0-0.025:  88E, AAJ, AZY, BSM, CZL, DDT, E2E, GML, LNY, MRD, PBX, PM1, PRL, SEI, SYT, TSL, TSN, VEC, VRC, WCN, WSI
    SP 0.026-0.05: ANP, ARE, AUZ, AVL, AWY, AZM, EN1, FEX, IME, MSV, TAM, TON 
    SP 0.051-0.075: BCT, BDR, CDX, CXO, MYL, PUR, RMP, STX
    SP 0.076-0.10: ATC, BOT, LSH, SVM

    The best looking chart two weeks ago was WCN which has since gone on from 1.7 to 2.3. It has 3.0 in it's sights, but it's land is frozen over until the end of March, so likely not much news until May. On Friday it released a few pictures with gold in them, and in February they will confirm there was indeed gold in them there pictures. Day traders and Twitter pump gave it a nice run. If it follows through on Monday maybe lock in a few profits? If nothing else the WCN Forum has been good for a laugh.

    No standout chart this week, but maybe LNY if they get their Mining License, could do all right.

 
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