Kevi's morning charts 26th Oct
Morning All,
Some great charts in that video Al, and several which were completely missed by my scans. Goes to show that different software can bring very different results...
First I would like to post the DJIA chart which includes last nights candle. I'm still relatively bullish short term, though the candle pattern is starting to look potentially exhausted. I think by the end of this week I will have a look at the weekly chart and see what that has to say.
Anyway here is the chart. I have highlighted other congestion type areas so you can compare and know what i'm talking about. Who knows, we might see a decent night tonight in the US and finally have a confirmed breakout.
Here are a few more charts of interest.
Uranium Exploration (UXA) - both daily and weekly. As you can see the volume as Al pointed out in his video is significant.
Probiotic Limited (PBP) - showing a rounding bottom here, with indicators looking positive. Volume on the rise, so it might be a short term base and potential entry point.
Iron Ore Holdings (IOH) - I posted this chart a week or so ago when I spotted a potential breakout. Closed yesterday @ $1.79 which is certainly encouraging.
Downer Edi (DOW) - One which Al talked about in his video. As mentioned, not alot fo volume in the break yet, but worth watching as the next resistance level is $1.00 away...so plenty of upside.
thats all for now.
Cheers and good luck today
Kevi
3 comments:
Bought some RXLO this morning to go with the RXLOA.
Let's see where it goes.
Will RXL break through 12/12.5c today?
Once RXL failed at 12c I offloaded the last of my RXLOA. It is probably healthy for it to have a decent dip here, after all it has tripled in a week or so!
Left a small few in the RXL depth at 10c hoping to take advantage of the tick change, but already offloaded them at 10.5 lol. Also had a few RXLOA back in depth around mid 7's but will keep them on very tight stop.
Alan
It will be very impressive if it can hold here and test that 12/12.5c res again.
Still watching closely.
Alan
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