TAjames

TAjames

Not long now until the next move upward to 3.5c to find support. Golden cross of the 200 and 50 EMA's means its now in bulls hands. Should see 3.5c by end of week.

TAjames

IPT.ASX on the move after bouncing off strong support line at 2.4c. Heading back to 200ma of 3.2 and test 3.3c. I feel like it will touch 3.3c and then pull back to find new support at 3.1c. From there, a rally to 3.9c and anything above is a bonus. Short term positive, long term positive.

TAjames

Given the current times on the stock market in regards to the techs, IP1 has been copping a beating (in my opinion unnecessarily). I dont hold but plan on buying once it hits 2.4c. I will however buy a reversal over 3c to confirm more buyers to face the selling pressure. Good long term hold none the less, and could see a quick push back to 4c (long term trend...

TAjames

FZO is coming to the end of its flag formation, the golden line is the support it found previously at 47c. If this is broken then will head to 44c to test rising short term support. I see a reversal on the cards and a break out to 52c where it will find resistance, but once broken should go back to 59c and find a new support line around 53c.

TAjames

AS previously noted, the breakout last week was on the back of the market pumping oil stocks. Golden Oil and Gas has now come back into the ascending pennant and should break clear today or tomorrow. Clear Skies ahead means GLV should get to 3c by the end of the week.

TAjames

BLZ is about to hit a resistance, i doubt it will go below 4c. However if it does then it is a great buying opportunity. Looking for a break out of the flag this week and a move up to 6c by the end of the month.

TAjames

GLV has broken through a rising flag indicating a bullish breakout. We should quickly see a push to 3c, in which that will become the new support. Given the market conditions today it could also indicate a false breakout and may come back to 1.9c-2c until the consolidation has finished.

TAjames

ENX should see a clear break today and given the market conditions should head towards its first target of 4.6. Needs more volume from buyers as the small sell orders come to an end.

TAjames

Blaze has broken out of a resistance line, all it needs now is some volume to come in and over the coming week we will see a reversal into the mid 5's.

TAjames

Going long on CPT, Currently over sold and just above trendline. Looking for a bounce to new highs from here in the coming week.

TAjames

ICU is in the process of seeing whether it has buyer support now, or should go and test a lower support range at 4.6. Fingers crossed buying volume comes in and it makes a run back up to the trend line.