weekend charting 8th jan 2010, page-101

Been an avid reader of this thread now for sometime, and a big thanks to all of the contributors. I have now delved into the realm following other people today of building my first chart. Hope it's ok!

Background: Chart is of THX (Thunderlarra Resources) which has some huge uranium grades reported in the NT (15m at 1.5% and 11m at 3.4% U3O8 respectively
12 metres grading 6,185 ppm - for more info see recent announcements). Core samples from 5 holes are still awaiting assays, and are anticipated shortly (could be days possibly weeks).

Volume has definitely picked up and there appears to be support at both 35c and 40c. Currently bounced off the 40c line which I have drawn on and now crossed the 21MA. Daily stoch also appear good, although looking for this to turn upwards on Monday. There was a slight fall back on Friday to the 50c line, but I think if the stock has a green day on Monday then there is a confrmed breakout with 60 cents being the first target, and 70 and 75 cents after that. If the core samples come back positive and reconfirm Thunderball (their NT prospect) has great grades, then this could push towards a new high 52 week high of 78c.

I would be interested to know your thoughts on this stock, and what you think of my first chart!

Cheers

donncham