Matsa Resources have formed a symmetrical triangle formation with declining volume near the theoretical base of the channel suggesting volatility will return. The catalyst for this may be the results from the neighbouring Elysium Resources tenements, EYM are currently in TH to announce a 'significant discovery' Should the pattern play out the top of the...
EYM has formed a solid cup and appears to be forming a handle at the 50% retracement level. A week or so here on low volume will set this up very well as a future trade
Prior move appears to have consolidated on declining volume at 0.5 fib and prior resistance. If it's going to move then this should be the key level.
Rounded bottom formed on CAI, with no clear overhead resistance the first target on the break is 7.6c representing a 58% move from current levels. Recent JV with TSXV:NOV and a very nice set of tenements.
Rounded bottom formed on MZN, looks like a run may be on the cards. Unlikely to take this one personally but certainly a decent set up.
Segue has recently been highlighted as having a strong chance of hosting conglomerate gold in the Pilbara which is a current gold prospecting hot spot. A low volume handle has begun to form after a cup with a 3.0c depth. A retrace to 6.9c would be half of the cup depth and also the 50 fib wise. A break from 7.0 would give a target of 10c. Ongoing exploration...
Hazer Group today broke out on light volume. The previous move (spurred by material news in regards to their graphite and hydrogen technology) of ~65% from $0.41 to $0.68 represents a move of $0.27 which gives this latest movement a target of $0.85. This also correlates with the historical all-time high. Since the initial move the on 3/10/17 the previous price...
Initial move of around 100% has had some time to consolidate and soak away remaining supply which has been thinning considerably since the first move. Recently the green bars have been finding much less supply therefore the possibility of a significant move is increasing. If the topside break occurs then 12.0c would be the target This medical cannabis company...
Over the last 5 years, Spectur has been involved in a process of constant development. Our wireless security camera design is the result of millions of hours of real-world experience, in one of the world’s most hostile and arid environments Spectur hit the ASX with a bang in August this year so is still very much in their infancy as a publicly listed although...
ASCX.EUC major TL has been touched as the chart sets up a decent pennant. Top side breakout will give a 43c target with very little overhead resistance over head. Prev high at 29.5c may require some volume to push through
After a monster run EUC have pulled back and appears to be consolidating at around the 61.8 fib level while flagging like a boss. Awaiting flag break for entry with a target of around 43c on the chart depending on BO point.
JRV have been trading in channel over the past few weeks. The recent topside break was rejected and the momentum has now reset raising the probability of a second test of the upper channel boundary. Target for this move would be 25%. Upon failure a flag is likely to form increasing target. Based on this I perceive this to be a low risk entry
ASX listed MOD resources are developing a large copper project in in the Kalahari copper belt of Botswana in partnership with AIM listed Metal Tiger AIM.MTR Chart has seen a long consolidation zone around the 6c mark with recent volume entering at the long term trend line, suggesting a break out is likely to occur in the near term. This aligns with potential...
LPE a novel Queensland based discount energy provider with consistent revenue growth has proven to have strong support historically at 2.3c. The stock has over the past few sessions been strongly absorbed in this range and now appears to be nearing a break point. The growing revenues and approach to the spec dream of being cash flow positive signal to me that this...
Pioneer resources which apparently has tenements bordering Novo Resources appears to have shown capitulation on the chart, first resistance point as a potential target is 2.0c with the second at 2.7c.
DDD; developing Haiti based gold projects has consistent news flow expected as they begin to develop their gold projects. The Gold sector in general has been performing well recently From a technical perspective the chart indicates that the previous move from 0.7c to 1.5c has consolidated after testing the 0.5 fib setting a base for the next move. The volume has...
LFR have ongoing Zinc developments and recently announced a high grade cobalt and copper project. Awaiting top side break before considering entry
HZR put in a solid inside bar today after bouncing off both the 50% fib retracement level and the previous resistance line which should now act as support. Expecting to see this trade in range for a few days before moving to the next resistance hurdle at 58c FA behind this one is well worth looking into also as they aim to be the lowest cost hydrogen and high...