LPI has consolidated the last move from 30c to 45c and now clearly broken the down trend on significant volume. The company will be strongly motivated to get the LPIO options "in the money" to take advantage of the $20.6m capital available if converted therefore strong new flow is expected. Flag break gives a target of 53c, options require 55c before being of value
Weekly shows a strong channel has formed on ASX:JRV , overall scandium, cobalt and nickel sectors are bullish. Likely to test channel tops in coming weeks
With the oil and gas sector currently in the spotlight due to increasing East Coast gas prices the sector is seeing reasonable growth. Government subsidies are helping small explorers realize their production ambitions. Due to the prior downturn in gas prices the drilling and completion costs have been heavily challenged with some companies reporting costs have...
This low MC ASX Zinc stock looks to have formed a double bottom on the weekly with volume having dried up at a previous SR line. Strong possibility for a uptick over the next few sessions. Overall Zinc market is bullish with $NCZ a notable success recently. Key #Zinc project numbers www.proactiveinvestors.com.au - Net present value: US$1.034 billion (US$909...
150 MA has been retested after each significant run to date with a 30-40% drop. High probability short opportunity approaching after a parabolic run fueled by a hacking virus that required payment in bitcoin and US political instability.