BMN could be a good buy at the moment. Sitting around a nice support at 30c, with plenty of upside - particularly with that 'gap' from 60-65c that so many stocks like to fill after time.
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The run they have had the last few days worries me. Surely due for a break? If you bought in a month ago you'd be sitting on 50%+ profit. Long term upside to 12c though.
Im starting to watch all that guys ('TradetheTrade' is his username. Link here for those interested: http://www.youtube.com/user/TradeTheTrade) videos. Trying to pick out the ones I like from it. Great to get a feel and then do your own research from there. He has done all those 3 (DEG, KAS, BOW) in recent weeks already and all look great options. BOW and KAS just need to break through the zones they are in and they will be away.
Got into DEG today. See how it goes. Should hit 10c relatively quickly if it can push through the 0.065 resistance.
Still hoping UNX can go bang soon too.
how are you setting your stops? falling sell triggers?You have to expect HAW to have some period of consolidation now (which it is already in). Have a look at charts like AVB, UNX, FMJ, etc and the incredible SFR and you will see that after a bit move up (like its had) it needs some time. This is a good thing for the stock, but the next big move will be once it breaks out of this pattern and impulses again. That said, there does seem to be some pretty good support around the 1.5c mark (where it currently is).
Same thing can be said for GTE. Looking at the chart, it had a big move up from 10c to 50c from June-October 2010 and has since gone sideways between 35c and 55c. Note the 4-5 tops it has around that 50-55c mark - this is the key. Once it breaks out above this resistance at 55c, you can expect another move higher, but until then I wouldnt buy as you run the risk of getting on at the top of that trading band (55c) when you really want to be accumulating towards the bottom (35-40c assuming its holding).
Anyways, I came on to post that it seems like plenty of stocks are around key support levels at the moment. If the market can turn (Dow dropped 175 points last night though!) I think some of these will end up looking fantastic buys. Here are a few risk and rewards I have put together for some stocks over the last week or two. Most of the entry levels lie near or around key support levels that have thus far held up pretty well.
WBC
Entry: $21.50
Stop: $20.75
Target: $24.50
Reward 1: $3.00(14.0%)
Risk: $0.75 (3.5%)
QBE
Entry: $17.12
Stop: $16.80
Target: $19.50
Reward: $2.38 (13.9%)
Risk: $0.32 (1.9%)
SBM
Entry: $1.75
Stop: $1.68
Target: $2.35
Reward: $0.60 (34.3%)
Risk: $0.07 (4.0%)
BMN
Entry: $0.30 (Key horizontal resistance)
Stop: $0.27
Target 1: $0.40
Target 2: $0.50
Reward 1: $0.10(33.3%)
Reward 2: $0.20 (66.7%)
Risk: $0.03 (10.0%)
I might post the charts over the next week or two - just dont have time at the moment.
I was speaking to my broker on the weekend and he was talking up Metrocoal MTE. He thinks they are a 10 bagger over the next 18 months. They were up 14% today, I don't hold any.
He was trying to get me into them when they were about 15c a couple of years ago.
DYOR as they hold good ground in the Surat Basin.
TGS up 8.5% on big turnover today. I tipped them 2 weeks ago, going to get rerated on their production. $1 by years end, maybe.
BMN could be a good buy at the moment. Sitting around a nice support at 30c, with plenty of upside - particularly with that 'gap' from 60-65c that so many stocks like to fill after time.
g'day lakey. where do you see the next support level for WBC? I'm thinking around 18.50.WBC
Entry: $21.50
Stop: $20.75
Target: $24.50
Reward 1: $3.00(14.0%)
Risk: $0.75 (3.5%)
Those who have time cast your eyes of the story of EVM.
It's compelling viewing given the current political climate, intellectual property value and call option recently executed.
Forced off Australian shores, will be welcomed back with open arms.
Those looking for a short term giggle get into Brockman this week.
I'm really bullish on RFE in particular. Could climb quickly.