Bushveld Minerals - Support level and buying opportunityThe fundamentals of BMN are extremely strong, with high cash generation, ambitious expansion plans underway and H1 2018 financial results due in September. For more information on fundamentals, visit www.thebushveldperspective.com .
From a technical standpoint, we've seen a recent retrace from highs (caused by a reduction in annual production guidance) which bounced off the 0.618 fib retrace level. The price came back up to the 0.786 fib line, which has previously acted as resistance for the stock with the RSI above 70. This also brings the price to the bottom of the channel defined by lows in the uptrend over the past few months.
Given that the RSI is currently down at 40 and very close to a potential divergence support line, I see the 0.786 fib line as a key level - a finish over this (23.9p) could see a run higher into the mid-high 30s over the coming weeks .
Vanadium
Sitting on the sidelines with $AVL #vanadiumEverytime it hits the 0.036 - 0.037 support level, it bounces hard, but I'm not so sure it will hold this time. I would have personally liked to see the 0.040 level hold as support but it was broken today. Feasibilities are due soon meaning more sellers are likely to come into action as reality sets in ( see link )
Not overly excited, but not bearish either. It may possibly bounce from the 200ema, which may be around the low 30s.
Promising long term stock, just not for the time being IMO.
AVL risky one-- 10-15% Bounce ?AVL is currently oversold on the 1-hour and 4-hour time frame after an extensive sell-off. With RSI at 23 on one hour and 26 respectively on 4 hour a bounce may be a play if you like a RISKY one.
Note. KRC is in a similar situation with a 10% bounce already achieved on KRC.
This is a risky trade and I would personally look for an exit against a moving average. The 200day MA for a quick scalp with a buy at 35 or 36.
Buy order's seem to be stacking up around these levels so a fill may be hard at 35 or 36
Probably easier ways to make money but i do like these oversold bounces especially coming off such a big move
Support are marked S1,2,3 if we break down and Target's at T1 and T2.
Tight stoploss is key..
Its not about how much you make its about how much you dont lose ;)
Heads and Shoulders: Return to Projected EMA 200? Volume decline and the formation of a heads and shoulders pattern, with corresponding MMAR showing signs of reversal. If complete, signals a decline towards EMA 200.
AYR Better entry @ .008AYR is hitting a big resistance at 0.011 cent. Looking at the chart I think we will see a better entry for this one back at the .008 cent level before it takes off and break's the .011 resistance. We did get the Bull Macd cross on Daily which would indicate we are looking good but we need a break of .011 before we can see continuation.
Scouting a pullback to .007 (if lucky) or .008 cent on this one before we get some momentum to break the .011 resistance. Lets see I could always be wrong.. DYOR..
Reasons for this:
Daily
Prise increasing on decreasing Bull Volume on Daily.
Hit resistance @ .011 cent 3 days in a row.
1 hour
RSI Forming lower highs on same prise level. as see in this capture.Bearish
AEE showing strength (Watchlist)AEE
Bullish Indicators
RSI creating Higher lows on same price level on Weekly . Previously formation played out with over 80% gains.
Massive volume in lately
Weekly MACD looking to diverge
Weekly cci turning to show strengh
Patience plays off so wait for the touch of support zone at .020 cent for good entry
Reasons:
The 4 hour MACD crossed bearish
The Daily MACD diverging and looking to cross Bearish.
Scouting entry again on support zone @ .0.20 cent if order gets filled here it will be a gift in my opinion.
Target Zones TA & TB in Green @
approx = .036
approx = .050
Stoploss = 0.019
Happy trading ;)
AVL Entry PointAVL has had a nice run up in price and has recently pulled back about 40% before finding support on the 50% FIB level..
Bullish Indicators:
Double Bottom on 50% Fib
Higher Low on 50% Fib
RSI creating higher low on 4 hour chart (showing strength)
Monthly RSI cooled off.
Volume has dropped off significantly. (usually see this before a big pump)
I noticed this exact set up on another chart KRC screenshot below
Entry .036 - .037
Target .065
Stoploss .034
Stoploss
TNG Pointy END 2018TNG has had a rally on some recent good news regarding its Tivan process. Currently its sitting at 16 cent,
I am looking for an entry into TNG for long term at the 14.5 cent level. I see an increasing price on decreasing volume which may indicate that its going to pull back and form another higher low before tightening up and popping out of this current range. This will confirm the Bull run for 2018 and I personally will be happy to hold as there is plently of fundamental news on the horizon for this year.
What do you think ? leave comments below always happy to have other people outlook of analysis be it objecting or not :)
AVL Elliot WaveAVL has had a really nice run up in price finishing off last year on a high.
Buy range around the 50% fib level point "c" after the Weekly RSI cools off. MACD is the most diverged its been in a long time and the BULL volume is Decreasing setting up for a pull back to give us a better entry price for Long positions. Interesting area to watch is the middle uptrend line where we may see a bounce before seeing further upward movement. If we break look for a long entry in the .036-.032 range.
The fundamental's of this company look solid with the Vanadium Re-flow battery market getting a lot of attention lately. With some recent positive news we may just see a bounce off the middle trend line and some more continuation.
news:
smallcaps.com.au
Lets see :)