Had some time over the weekend away from the day job to look through some short lists and other charts that maybe of interest for next week, or in a few weeks time.
Similar sentiment to others here regarding general market weakness and especially base metals at this point,
will post on it soon. Given this have looked at the following stocks for next week (or perhaps next few weeks)
that have broken out or have potential with company related releases in the pipeline that could push them against the general market.
Some other potential bounce trades and others for research.
Holding some cash back atm with selling AGU this week.
Will post a few more as i do some much needed clean up of spreadsheets over the weekend
Any comments or alt views/charts welcome.
(Disc; own ATI/O, EMG/O, AAK, NUP,AVB,SRI)
Summary (since this got a bit long...)
Breakouts;
ATI,EMG,NEC,IDM,NSL,BUR,NRL,THX,PCL
Potential breakout? Continuation/trend change
LLP,EXS,VWM,NTC,ORD,CCC,AFA,NUP,SRI,KBC
HIG,IVA,EKM,CXY,SLV,IDL,EXE,MOF,SOO,AMM
VXR,AVB,IRL
Bounce trades
KAR TNG GGG
Maybe?
RES,AAK, VMS, CUV, CRJ
Commodities
Copper
XAD
Silver
General market
Will leave that to Robbbb and others who do a great job
ATI - Holding this for about 5 months, now former FMG director taking 100M shares, far cry from 1c heads and 0.5c options expect volume coming out of the TH. Still work to do in Vietnam but potential is there to be the next BAU.
EMG - 127Mt jorc mag deposit in WA, aiming for 500-1000Mt, 60 kms of strike, backed up by chinese interest, possible drilling update in next few weeks, major break of 65c could have legs.
NEC - released details of possible coking coal targets and feasibility studies, most coal players on the asx are
thermal not the higher value coking coal, overbought but one to watch if recent highs are taken.
IDM - very strong uptrend in place, possible acceleration with break of 14c, nice volume pattern
last few weeks, my first chart on IDM was better...
NSL - massive break of 3c, rough chart target of 5c but all eyes on next iron ore update for future direction.
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stocks and stuff for next week.
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